Purple Innovation with ticker code (PRPL) now have 10 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 40 and 32 with a mean TP of 34.9. With the stocks previous close at 28.67 this would imply there is a potential upside of 21.7%. The day 50 moving average is 28.58 and the 200 day MA is 23.94. The company has a market capitalisation of $1,924m. Find out more information at: 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.
