Impinj, Inc. Message Board

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Technology Stocks : Impinj, Inc.

PI 163.81

-3.1%

3:59 PM EST

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From: Cooters	10/20/2023 12:31:46 PM
	of 477

Impinj price target lowered to $75 from $100 at Piper Sandler Piper Sandler lowered the firm’s price target on Impinj to $75 from $100 and keeps an Overweight rating on the shares. The firm is revising its model for Impinj’s December quarter given macro headwinds continuing through the end of the year in retail apparel. As illustrated in the U.S. retail imports data, retail apparel global import growth has remained negative on an annualized basis, Piper says. The firm feels that Impinj still derives over 60% of their overall sales from the retail apparel end market and while logistics and general merchandise are still growing as key markets, many of the risks still fall on retail apparel. From a modeling perspective Piper is still confident in flattish trends on the top-line for the December quarter relative to the September quarter, and continues to view Impinj as a long-term winner in the growing RFID market.

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