Impinj, Inc. Message Board

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Technology Stocks : Impinj, Inc.

PI 167.37

+2.2%

10:40 AM EST

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From: Cooters	2/11/2021 9:40:49 AM
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Needham analyst James Ricchiuti assigned a Buy rating to IMPINJ today and set a price target of $77.00. Impinj price target raised to $74 from $31 at Roth Capital Roth Capital analyst Scott Searle raised the firm's price target on Impinj to $74 from $31 and keeps a Buy rating on the shares. The analyst notes Impinj reported Q4 results in-line with its positively preannounced guidance. The positive momentum continues into Q1 with an improving pipeline, albeit with capacity constraints and continued COVID uncertainty, he contends. Importantly, Searle points out that next-generation product cycles are enabling the broader adoption of new use cases. Morgan Stanley analyst Craig Hettenbach raised the price target on Impinj Inc (NASDAQ: PI) to $58.00 (from $53.00) while maintaining a Equalweight rating. Impinj price target raised to $82 from $61 at Colliers Colliers analyst Derek Soderberg raised the firm's price target on Impinj to $82 from $61 and reiterates a Buy rating on the shares following the company's Q4 results. The analyst sees Impinj coming out of COVID-19 with accelerating growth and market share gains. He's optimistic about the company's outlook. Impinj price target raised to $80 from $60 at Piper Sandler Piper Sandler analyst Harsh Kumar raised the firm's price target on Impinj to $80 from $60 and reiterates an Overweight rating on the shares. The company reported "exceptionally strong" results, with March quarter guidance handily beating expectations, Kumar tells investors in a research note. Retail segment strength appears to be continuing from the December quarter into the March quarter, says the analyst. He believes Impinj has "several catalysts lined up" for the back half of 2021, including continued retail trends, traction with supply chain customers, and the further adoption of the gross margin accretive 300mm M700 chip. Kumar feels Impinj is one of the biggest benefactors from a global re-opening in a post-COVID world. Canaccord Genuity analyst Michael Walkley maintained a Buy rating on IMPINJ yesterday and set a price target of $75.00.

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