Where Does Wall Street Think Purple Innovation Inc (PRPL) Stock Will Go?

InvestorsObserver is giving Purple Innovation Inc (PRPL) an Analyst Rating Rank of 26, meaning PRPL is ranked higher by analysts than 26% of stocks. The average price target for PRPL is $2.55 and analyst’s rate the stock as a Buy.

Wall Street analysts are rating PRPL a Buy today. Find out what this means to you and get the rest of the rankings on PRPL!

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Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Purple Innovation Inc Stock Today?

Purple Innovation Inc (PRPL) stock is trading at $1.59 as of 9:46 AM on Friday, Mar 22, a drop of -$0.05, or -3.05% from the previous closing price of $1.64. The stock has traded between $1.57 and $1.62 so far today. Volume today is light. So far 38,947 shares have traded compared to average volume of 1,065,697 shares. Click Here to get the full Stock Report for Purple Innovation Inc stock.