Wall Street is positive on Purple Innovation Inc (PRPL). On average, analysts give the stock a Buy rating. The average price target is $10.05, which means analysts expect the stock to climb by 161.72% over the next twelve months. That average ranking earns the stock an Analyst Rating of 21, which is better than 21% of stocks based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Analytical research by professionals can be extremely useful when making investment decisions in the stock market. Analysts are able to observe industries in detail and learn how geographical impacts can affect a company’s balance sheet. This information allows investors to make decisions ahead of the curve.
InvestorsObserver combines the ratings from these analysts and proceeds to percentile rank them. This grants you the ability to compare stocks in a comprehensive fashion as opposed to a standard buy/hold/sell rating.
What’s Happening With Purple Innovation Inc Stock Today?
Purple Innovation Inc (PRPL) stock is trading at $3.84 as of 3:37 PM on Friday, Aug 5, a gain of $0.12, or 3.23% from the previous closing price of $3.72. The stock has traded between $3.56 and $3.85 so far today. Today’s volume is low. So far 585,181 shares have traded compared to average volume of 1,224,072 shares. Click Here to get the full Stock Report for Purple Innovation Inc stock.
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