Purple Innovation (PRPL) PT Lowered to $1 at Craig-Hallum
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Raymond James on Purple Innovation (PRPL): 'the recovery timeline for industry demand is highly uncertain'
March 14, 2025 12:23 PM EDTRaymond James analyst Bobby Griffin reiterated a Market Perform rating on Purple Innovation (NASDAQ: PRPL)
The analyst comments "We reaffirm our Market Perform rating on PRPL following its 4Q24 results. Recall, ahead of the print, management issued a tightened guidance range (within $2M). For 2025, managements outlook came in ahead of consensus adj. EBITDA at the midpoint despite softer revenue... More
