In a report released today, Jaeson Schmidt from Lake Street maintained a Buy rating on IMPINJ (PI – Research Report), with a price target of $118.00. The company’s shares closed yesterday at $120.27.
According to TipRanks, Schmidt is a 4-star analyst with an average return of 7.9% and a 47.84% success rate. Schmidt covers the Technology sector, focusing on stocks such as inTEST, Powerfleet, and Identiv.
IMPINJ has an analyst consensus of Strong Buy, with a price target consensus of $135.38, implying a 12.56% upside from current levels. In a report released today, Susquehanna also maintained a Buy rating on the stock with a $140.00 price target.
PI market cap is currently $3.33B and has a P/E ratio of -74.54.
Based on the recent corporate insider activity of 113 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PI in relation to earlier this year. Most recently, in February 2024, Cary Baker, the CFO of PI sold 6,284.00 shares for a total of $639,380.02.
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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.
