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NASDAQ: PRPL
Purple Innovation Inc Stock Forecast, Predictions & Price Target

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Analyst price target for PRPL

Based on 4 analysts offering 12 month price targets for Purple Innovation Inc.
Min Forecast
$5.00-3.85%
Avg Forecast
$5.50+5.77%
Max Forecast
$6.00+15.38%

Should I buy or sell PRPL stock?

Based on 4 analysts offering ratings for Purple Innovation Inc.
Buy
Strong Buy
1 analysts 25%
Buy
2 analysts 50%
Hold
1 analysts 25%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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PRPL stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Craig-Hallum
Top 21%
80
BuyUpgrades$6.00+15.38%2022-11-10
Wedbush
Top 8%
93
BuyMaintains$5.00-3.85%2022-09-20
KeyBanc
Top 6%
95
Strong BuyMaintains$5.00-3.85%2022-09-20
Roth Capital
Bottom 12%
12
HoldDowngrades$6.00+15.38%2022-03-02

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Forecast return on equity

Is PRPL forecast to generate an efficient return?
Company
3.71%
Industry
-65.15%
Market
62.68%
PRPL's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is PRPL forecast to generate an efficient return on assets?
Company
1.34%
Industry
8.9%
PRPL is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

PRPL earnings per share forecast

What is PRPL's earnings per share in the next 3 years based on estimates from 6 analysts?
Avg 1 year Forecast
-$0.45
Avg 2 year Forecast
-$0.11
Avg 3 year Forecast
$0.00

PRPL revenue forecast

What is PRPL's revenue in the next 3 years based on estimates from 6 analysts?
Avg 1 year Forecast
$574.0M-6.97%
Avg 2 year Forecast
$632.7M+2.55%
Avg 3 year Forecast
$766.9M+24.29%
PRPL's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

PRPL revenue growth forecast

How is PRPL forecast to perform vs Furnishings Fixtures & Appliances companies and vs the US market?
Company
6.5%
Industry
1.45%
Market
6.67%
PRPL's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
PRPL's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

PRPL vs Furnishings Fixture & Appliance Stocks

TickerPricePrice TargetUp/downsideConsensus
PRPL$5.20$5.50+5.77%Buy
COOK$3.39$6.50+91.74%Buy
TILE$10.40$17.00+63.46%Buy
SNBR$29.28$48.40+65.30%Hold
LOVE$19.03$73.80+287.81%Strong Buy

Purple Innovation Stock Forecast FAQ

Is Purple Innovation Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 4 Wall Street analysts covering (NASDAQ: PRPL) stock is to Buy PRPL stock.

Out of 4 analysts, 1 (25%) are recommending PRPL as a Strong Buy, 2 (50%) are recommending PRPL as a Buy, 1 (25%) are recommending PRPL as a Hold, 0 (0%) are recommending PRPL as a Sell, and 0 (0%) are recommending PRPL as a Strong Sell.

If you're new to stock investing, here's how to buy Purple Innovation stock.

What is PRPL's earnings growth forecast for 2022-2024?

(NASDAQ: PRPL) Purple Innovation's forecast annual earnings growth rate of N/A is not forecast to beat the US Furnishings Fixtures & Appliances industry's average forecast earnings growth rate of 33.69%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 17.05%.

Purple Innovation's earnings in 2022 is -$41,106,000.On average, 6 Wall Street analysts forecast PRPL's earnings for 2022 to be -$41,322,800, with the lowest PRPL earnings forecast at -$49,587,360, and the highest PRPL earnings forecast at -$35,813,094. On average, 7 Wall Street analysts forecast PRPL's earnings for 2023 to be -$10,101,129, with the lowest PRPL earnings forecast at -$26,630,249, and the highest PRPL earnings forecast at -$1,836,569.

In 2024, PRPL is forecast to generate $0 in earnings, with the lowest earnings forecast at -$2,754,853 and the highest earnings forecast at $4,591,422.

What is PRPL's revenue growth forecast for 2022-2024?

(NASDAQ: PRPL) Purple Innovation's forecast annual revenue growth rate of 6.5% is forecast to beat the US Furnishings Fixtures & Appliances industry's average forecast revenue growth rate of 1.45%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 6.67%.

Purple Innovation's revenue in 2022 is $616,999,000.On average, 6 Wall Street analysts forecast PRPL's revenue for 2022 to be $52,710,904,857, with the lowest PRPL revenue forecast at $52,296,299,428, and the highest PRPL revenue forecast at $53,214,583,878. On average, 6 Wall Street analysts forecast PRPL's revenue for 2023 to be $58,100,040,808, with the lowest PRPL revenue forecast at $50,799,495,774, and the highest PRPL revenue forecast at $67,034,764,850.

In 2024, PRPL is forecast to generate $70,420,204,132 in revenue, with the lowest revenue forecast at $64,564,763,336 and the highest revenue forecast at $78,182,738,073.

What is PRPL's forecast return on assets (ROA) for 2022-2025?

(NASDAQ: PRPL) forecast ROA is 1.34%, which is lower than the forecast US Furnishings Fixtures & Appliances industry average of 8.9%.

What is PRPL's Price Target?

According to 4 Wall Street analysts that have issued a 1 year PRPL price target, the average PRPL price target is $5.50, with the highest PRPL stock price forecast at $6.00 and the lowest PRPL stock price forecast at $5.00.

On average, Wall Street analysts predict that Purple Innovation's share price could reach $5.50 by Nov 10, 2023. The average Purple Innovation stock price prediction forecasts a potential upside of 5.77% from the current PRPL share price of $5.20.

What is PRPL's Earnings Per Share (EPS) forecast for 2022-2024?

(NASDAQ: PRPL) Purple Innovation's current Earnings Per Share (EPS) is -$0.60. On average, analysts forecast that PRPL's EPS will be -$0.45 for 2022, with the lowest EPS forecast at -$0.54, and the highest EPS forecast at -$0.39. On average, analysts forecast that PRPL's EPS will be -$0.11 for 2023, with the lowest EPS forecast at -$0.29, and the highest EPS forecast at -$0.02. In 2024, PRPL's EPS is forecast to hit $0.00 (min: -$0.03, max: $0.05).

What is PRPL's forecast return on equity (ROE) for 2022-2025?

(NASDAQ: PRPL) forecast ROE is 3.71%, which is considered weak.
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