Wedbush Maintains Outperform on Purple Innovation, Raises Price Target to $2.25
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Seth Basham maintains an Outperform rating on Purple Innovation (NASDAQ:PRPL) and raises the price target from $1.25 to $2.25.
March 13, 2024 | 1:51 pm
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POSITIVE IMPACT
Wedbush analyst Seth Basham maintains an Outperform rating on Purple Innovation and raises the price target from $1.25 to $2.25.
The increase in the price target by Wedbush reflects a positive outlook on Purple Innovation's future performance. This endorsement from a reputable analyst is likely to instill confidence in investors, potentially driving up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100