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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100