Purple Innovation with ticker code (PRPL) have now 10 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 40 and 32 calculating the average target price we see 34.9. With the stocks previous close at 28.67 this is indicating there is a potential upside of 21.7%. The 50 day moving average now sits at 28.58 while the 200 day moving average is 23.94. The company has a market capitalisation of $1,924m. You can visit the company’s website by visiting: 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.
