Purple Innovation Reaches Analyst Target Price
June 18, 2020 at 08:45 AM EDT
In recent trading, shares of Purple Innovation Inc (PRPL) have crossed above the average analyst 12-month target price of $18.60, changing hands for $18.64/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..