Impinj, Inc. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Impinj, Inc.

PI 187.67

-7.2%

Nov 3 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Cooters	10/25/2024 10:19:10 AM
	of 473

Susquehanna reiterated a Buy rating on the stock and has a $260.00 price target. Christopher Rolland has given his Buy rating due to a combination of factors that showcase Impinj’s strong market position and growth potential. Impinj reported stronger-than-expected results with robust guidance, driven by solid performance in supply chain and logistics, as well as steady growth in retail general merchandise. The company also demonstrated continued growth in apparel and long-tail applications, with record-setting unit volumes for Endpoint IC in the third quarter. Furthermore, management anticipates a modest decline in the fourth quarter, which is largely seasonal, but expects market strength to continue. Systems revenue exceeded expectations, particularly in test and measurement and reader IC sales. Impinj’s ongoing traction with leading customers, such as Inditex and Walmart, and other growth opportunities in food and RAIN-enabled enterprise mobile devices further enhance its long-term prospects. The positive outlook is also supported by higher-than-expected gross margins, driven by product mix improvements and strategic replenishments.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next