Purple Innovation found using ticker (PRPL) have now 10 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 40 and 32 calculating the mean target price we have 34.9. Given that the stocks previous close was at 28.67 this would indicate that there is a potential upside of 21.7%. The 50 day MA is 28.58 and the 200 day moving average is 23.94. The company has a market capitalisation of $1,924m. Company Website: http://purple.com
The potential market cap would be $2,342m based on the market concensus.
Purple Innovation designs and manufactures mattresses, pillows, and cushions. It also offers sheets, mattress protector, bed frames, seat cushions, and weighted blanket and duvets. The company markets and sells its products through direct-to-consumer online channels, retail brick-and-mortar wholesale partners, and third-party online retailers, as well as through its factory outlet and the company owned showrooms. Purple Innovation was founded in 2010 and is headquartered in Lehi, Utah.
