Roth MKM Upgrades Purple Innovation to Buy, Raises Price Target to $2.5
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Matt Koranda has upgraded Purple Innovation (NASDAQ:PRPL) from Neutral to Buy and increased the price target from $2 to $2.5.
March 13, 2024 | 4:25 pm
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Purple Innovation has been upgraded from Neutral to Buy by Roth MKM analyst Matt Koranda, with a raised price target from $2 to $2.5.
The upgrade from Neutral to Buy by a reputable analyst, along with an increased price target, typically signals a positive outlook on the company's future performance. This can lead to increased investor confidence and potentially drive up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100