Investing.com - Cantor Fitzgerald raised its price target on Impinj Inc (NASDAQ:PI), currently trading at $185.19 with a market cap of $5.39 billion, to $217.00 from $158.00 on Monday, while maintaining an Overweight rating on the stock. According to InvestingProdata, 4 analysts have recently revised their earnings estimates upward for the upcoming period.
The research firm cited strong enterprise demand for endpoint ICs, specifically Gen2X and M800 adoptions, and systems as key drivers for anticipated strong revenue, earnings, and cash flow results in the third quarter of 2025. The company has demonstrated solid financial health with a strong current ratio of 11.64, indicating robust liquidity.
Cantor Fitzgerald increased its revenue estimates for Q3 2025, full-year 2025, and 2026 by 2%, 2%, and 4%, respectively, while also raising EPS estimates for the same periods by 9%, 6%, and 21%.
For 2026, the firm models year-over-year revenue growth of 26% in ICs and 8% in systems, resulting in a 23.1% blended growth rate, and introduced 2027 estimates projecting 20% year-over-year IC growth and 7% systems growth.
The firm also noted that Impinj refinanced $190 million of its $287.5 million outstanding convertible debt during the third quarter, providing the company with greater financial flexibility.
Link -https://www.investing.com/news/analyst-ratings/cantor-fitzgerald-raises-impinj-stock-price-target-to-217-on-strong-demand-93CH-4272579 |
