Roth MKM Reiterates Buy on Purple Innovation, Maintains $2.5 Price Target
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Matt Koranda has reiterated a Buy rating on Purple Innovation (NASDAQ:PRPL) and maintained a price target of $2.5.
March 21, 2024 | 2:26 pm
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POSITIVE IMPACT
Roth MKM analyst Matt Koranda reiterates a Buy rating on Purple Innovation with a maintained price target of $2.5.
The reiteration of a Buy rating and maintenance of a price target by a reputable analyst like Matt Koranda can instill confidence in investors and potentially lead to a positive short-term impact on Purple Innovation's stock price. The specific mention of a $2.5 price target suggests a clear valuation perspective, which could influence investor sentiment positively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100