Impinj – Consensus Indicates Potential 26.7% Upside

Broker Ratings

Impinj with ticker code (PI) now have 6 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 82 and 55 with a mean TP of 69.17. Now with the previous closing price of 54.61 this now indicates there is a potential upside of 26.7%. There is a 50 day moving average of 55.5 and the 200 day MA is 51.47. The market cap for the company is $1,349m. Visit the company website at: http://www.impinj.com

Impinj operates a cloud connectivity platform. 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 in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Impinj was incorporated in 2000 and is headquartered in Seattle, Washington.

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