Impinj, Inc. Message Board

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Technology Stocks : Impinj, Inc.

PI 187.67

-7.2%

9:30 AM EST

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To: Cooters who wrote (250)	6/1/2024 8:21:58 AM
From: Cooters	of 473

Needham analyst James Ricchiuti raised the firm's price target on Impinj to $195 from $160 and keeps a Buy rating on the shares. Commentary from various players in the radio-frequency identification, or RFID, market exiting Q1 suggests recovering demand in the retail apparel market, scaling tag volume in general merchandise, and ongoing deployment in the high-profile logistics use case, the analyst tells investors in a research note. While the uncertainty around the strength of recovery in the retail apparel market suggest low double-digit growth in the second half of the year vs. the first half is more realistic, Impinj is capable of growing more than 20% in 2025 and 2026 as existing and new enterprise use cases drive greater RAIN RFID adoption, the firm added.

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