Impinj, Inc. Message Board

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Technology Stocks : Impinj, Inc.

PI 175.47

-6.4%

Nov 4 3:59 PM EST

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Savant

From: Cooters	3/18/2024 7:46:48 AM
	1 Recommendation of 473

Toshiya Hari, an analyst from Goldman Sachs, reiterated the Buy rating on IMPINJ The associated price target is $130.00. Toshiya Hari has given his Buy rating due to a combination of factors, one of which is the positive outcome of the settlement and cross-license agreement between Impinj and NXP Semiconductors. This resolution eradicates the uncertainties and legal disputes previously clouding Impinj’s future, potentially freeing up resources and allowing for clearer strategic planning. The analyst perceives this development as a significant positive step for Impinj, one that could lead to an improved competitive position in the market. Furthermore, Toshiya Hari’s confidence in Impinj is reflected in the increased 12-month price target, moving up from $115 to $130. This revision indicates an expectation of growth and a strong performance trajectory for Impinj. The resolution of litigation, combined with the anticipated strategic benefits of the cross-licensing agreement, underpin the analyst’s optimistic outlook for the company’s stock, reinforcing the rationale behind the Buy rating.

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