From Financial Modeling Prep: 2024-09-27 09:26:00

Piper Sandler analysts raised their price target on Impinj (NASDAQ:PI) to $225 from $180, maintaining an Overweight rating on the stock. They highlighted Impinj’s strong fundamentals and potential for outperforming results in key markets. However, the stock has seen significant gains recently, making it challenging for new investors. Momentum in the logistics sector, driven by a major customer, is expected to continue into 2025 with potential for international expansion. Additional growth opportunities in general merchandise and food categories are also noted, signaling a shift away from retail. Despite optimism about Impinj’s fundamentals, analysts acknowledge the stock’s stretched valuation.



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