Wedbush Reiterates Outperform on Purple Innovation, Maintains $1.25 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Seth Basham has reiterated an Outperform rating on Purple Innovation (NASDAQ:PRPL) and maintained a price target of $1.25.
January 24, 2024 | 1:19 pm
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Wedbush analyst Seth Basham reaffirms an Outperform rating on Purple Innovation, with a price target of $1.25, indicating a positive outlook on the stock.
The reiteration of an Outperform rating by a Wedbush analyst suggests a positive sentiment towards Purple Innovation's stock performance in the short term. The maintained price target of $1.25 indicates the analyst's belief that the stock has the potential to reach or exceed this value, which could influence investor perception and potentially drive the stock price up.
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IMPORTANCE 80
RELEVANCE 100