Impinj, Inc. Message Board

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Technology Stocks : Impinj, Inc.

PI 186.85

-7.6%

9:30 AM EST

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From: Cooters	8/4/2024 8:10:36 AM
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Impinj price target raised by $9 at Goldman Sachs 07/26 PI Goldman Sachs raised the firm's price target on Impinj to $165 from $156 and keeps a Neutral rating on the shares. The company's Q2 results topped consensus as strength in Apparel and Footwear, early signs of Retail restocking, steady growth in General Merchandise and secular growth across various specialty applications drove a 30% y/y increase in Endpoint IC volumes, the analyst tells investors in a research note. The firm maintains a neutral rating given marginal potential downside to its updated price target but also remains constructive on the RAIN RFID growth opportunity set for Impinj, Goldman Sachs added.

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