PRPL Crosses Above Average Analyst Target
February 05, 2020 at 08:33 AM EST
In recent trading, shares of Purple Innovation Inc (PRPL) have crossed above the average analyst 12-month target price of $13.17, changing hands for $13.66/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..