Wedbush Maintains Outperform on Purple Innovation, Lowers Price Target to $1
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Seth Basham maintains an Outperform rating on Purple Innovation (NASDAQ:PRPL) but lowers the price target from $3 to $1.
November 10, 2023 | 1:53 pm
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Wedbush maintains an Outperform rating on Purple Innovation but lowers the price target from $3 to $1.
The lowering of the price target by Wedbush from $3 to $1 indicates a potential decrease in the stock's value. However, the Outperform rating suggests that the stock is expected to do better than the market average, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100