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.
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IMPORTANCE 90
RELEVANCE 100