Impinj, Inc. Message Board

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Technology Stocks : Impinj, Inc.

PI 173.29

-2.9%

3:35 PM EST

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Savant

From: Cooters	1/17/2025 7:24:16 AM
	1 Recommendation of 495

Analyst James Ricchiuti of Needham reiterated a Buy rating on IMPINJ, reducing the price target to $182.00. James Ricchiuti has given his Buy rating due to a combination of factors, including the solid growth trajectory and market positioning of Impinj. Despite a slight disappointment in preannouncing upside results at the recent Needham Growth Conference, Impinj’s reaffirmation of its Q4 guidance indicates stability. The expected revenue range aligns with consensus estimates, and the sequential growth in systems revenue reflects consistency with prior expectations. Additionally, the company is optimistic about market growth and enterprise adoption leading into 2025, bolstered by the strong interest in the new Gen2X enhancements to the Gen2 radio protocol. With over 25 reader partners already adopting Gen2X, the advancements are seen as significant by partners. The overall sentiment suggests that while there are some uncertainties related to tariffs, the long-term growth prospects provide a compelling buying opportunity. In another report released yesterday, Lake Street also reiterated a Buy rating on the stock with a $251.00 price target.

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