Impinj – Consensus Indicates Potential -5.6% Downside

Broker Ratings

Impinj found using ticker (PI) now have 7 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 140 and 111 calculating the average target price we see 126. Now with the previous closing price of 133.44 this would indicate that there is a downside of -5.6%. The 50 day MA is 114.94 and the 200 day MA is 81.87. The market cap for the company is $3,304m. Find out more information at: https://www.impinj.com

The potential market cap would be $3,120m based on the market concensus.

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Impinj operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform, which comprises multiple product families, wirelessly connects individual items and delivers data about the connected items to business and consumer applications. The company’s platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item. Its platform also consists of systems products that comprise reader ICs, readers, and gateways to wirelessly provide power to and communicate bidirectionally with endpoint ICs on host items, as well as to read, write, authenticate, and engage the endpoint ICs on those items; and software and algorithms that enables its partners to deliver use cases, such as retail self-checkout and loss prevention, and warehouse pallet and carton tracking to end-users. The company primarily serves retail, supply chain and logistics, aviation, automotive, healthcare, industrial and manufacturing, sports, food, datacenter, travel, banking, and linen and uniform tracking sectors through distributors, system integrators, value-added resellers, and software solution partners. Impinj was incorporated in 2000 and is headquartered in Seattle, Washington.

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