As one of its daily deals, Target offers the Elliot Sofa Bed in four colors for $150 with free shipping. That's $50 off list and a low price for a microfiber sofa bed. It features a microfiber and cotton blend material, 6" mattress, and 5-position adjustability. Deal ends today.
Of note, the remaining four colors are available for $175 with free shipping, which is still $25 off list.