Piper Sandler analyst Harsh Kumar reiterated a Buy rating on IMPINJ (PI – Research Report) today and set a price target of $130.00. The company’s shares closed yesterday at $106.31.
Kumar covers the Technology sector, focusing on stocks such as Nvidia, Advanced Micro Devices, and Apple. According to TipRanks, Kumar has an average return of 25.9% and a 70.64% success rate on recommended stocks.
IMPINJ has an analyst consensus of Strong Buy, with a price target consensus of $114.83, implying an 8.01% upside from current levels. In a report released today, Canaccord Genuity also maintained a Buy rating on the stock with a $130.00 price target.
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PI market cap is currently $2.9B and has a P/E ratio of -100.50.
Based on the recent corporate insider activity of 114 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
IMPINJ (PI) Company Description:
IImpinj, Inc. engages in the development and sale of RAIN, a radio frequency identification solution. Its platform allows inventory management, patient safety, asset tracking and item authentication for the retail, healthcare, supply chain & logistics, hospitality, food & beverage and industrial manufacturing industries. The company was founded by Carver Mead and Chris Diorio in April 2000 and is headquartered in Seattle, WA.
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