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

OverviewForecast
EarningsDividendOwnership

Analyst price target for PRPL

Based on 4 analysts offering 12 month price targets for Purple Innovation Inc.
Min Forecast
$2.00+30.72%
Avg Forecast
$2.94+92.03%
Max Forecast
$5.00+226.8%

Should I buy or sell PRPL stock?

Based on 4 analysts offering ratings for Purple Innovation Inc.
Strong Buy
Strong Buy
2 analysts 50%
Buy
1 analysts 25%
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
lockedlocked$00.00+00.00%2024-03-21
lockedlocked$00.00+00.00%2024-03-13
lockedlocked$00.00+00.00%2024-03-13
lockedlocked$00.00+00.00%2024-01-24

1 of 1

Forecast return on equity

Is PRPL forecast to generate an efficient return?
Company
N/A
Industry
N/A
Market
35.66%

Forecast return on assets

Is PRPL forecast to generate an efficient return on assets?
Company
N/A
Industry
N/A

PRPL revenue forecast

What is PRPL's revenue in the next 3 years based on estimates from 5 analysts?
Avg 1 year Forecast
$547.7M+7.27%
Avg 2 year Forecast
$593.0M+16.16%
Avg 3 year Forecast
$643.7M+26.08%
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
7.94%
Industry
4.67%
Market
10.23%
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$1.53$2.94+92.03%Strong Buy
VIRC$10.35N/AN/A
HOFT$18.06N/AN/A
FLXS$37.42N/AN/A
IRBT$7.25$13.00+79.31%Hold
View Top Furnishings Fixture & Appliance Stocks

Purple Innovation Stock Forecast FAQ

Is Purple Innovation Stock a good buy in 2024, according to Wall Street analysts?

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

Out of 4 analysts, 2 (50%) are recommending PRPL as a Strong Buy, 1 (25%) 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 revenue growth forecast for 2024-2026?

(NASDAQ: PRPL) Purple Innovation's forecast annual revenue growth rate of 7.94% is forecast to beat the US Furnishings Fixtures & Appliances industry's average forecast revenue growth rate of 4.67%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 10.23%.

Purple Innovation's revenue in 2024 is $510,541,000.On average, 5 Wall Street analysts forecast PRPL's revenue for 2024 to be $58,716,534,230, with the lowest PRPL revenue forecast at $57,887,139,839, and the highest PRPL revenue forecast at $59,481,386,814. On average, 4 Wall Street analysts forecast PRPL's revenue for 2025 to be $63,579,577,173, with the lowest PRPL revenue forecast at $62,058,770,626, and the highest PRPL revenue forecast at $64,681,183,607.

In 2026, PRPL is forecast to generate $69,011,488,605 in revenue, with the lowest revenue forecast at $68,152,718,042 and the highest revenue forecast at $69,870,259,169.

What is PRPL's forecast return on assets (ROA) for 2024-2027?

(NASDAQ: PRPL) forecast ROA is N/A, which is lower than the forecast US Furnishings Fixtures & Appliances industry average of N/A.

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 $2.94, with the highest PRPL stock price forecast at $5.00 and the lowest PRPL stock price forecast at $2.00.

On average, Wall Street analysts predict that Purple Innovation's share price could reach $2.94 by Mar 21, 2025. The average Purple Innovation stock price prediction forecasts a potential upside of 92.03% from the current PRPL share price of $1.53.

What is PRPL's forecast return on equity (ROE) for 2024-2027?

(NASDAQ: PRPL) forecast ROE is N/A, which is considered weak.
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