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Technology Stocks : Impinj, Inc.
PI 175.47-6.4%Nov 4 3:59 PM EST

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From: Cooters2/9/2024 7:50:39 AM
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Impinj price target raised by $10 at Canaccord, here's why

Canaccord raised the firm's price target on Impinj to $130 from $120 and keeps a Buy rating on the shares. The firm believes the retail inventory destocking that impacted Impinj's business in 2023, combined with softer-than-anticipated retail demand, has bottomed and positions the company for steady sequential growth trends in 2024.
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