Impinj (NASDAQ: PI) Receives Strong Buy Rating and Increased Price Target from Susquehanna Analyst

WallStreetZen04-26

Susquehanna's Christopher Rolland raised their price target on Impinj (NASDAQ: PI) by 7.1% from $140 to $150 on 2024/04/25. The analyst maintained their Strong Buy rating on the stock.Rolland made ...

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The analyst maintained their Strong Buy rating on the stock.Rolland made ...</p>\n\n<a href=\"https://www.wallstreetzen.com/news/impinj-nasdaq-pi-receives-strong-buy-rating-and-increased-price-target-from-susquehanna-analyst\">Source Link</a>\n\n</div>\n","source":"wallstreetzen_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Impinj (NASDAQ: PI) Receives Strong Buy Rating and Increased Price Target from Susquehanna Analyst</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nImpinj (NASDAQ: PI) Receives Strong Buy Rating and Increased Price Target from Susquehanna Analyst\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-26 19:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wallstreetzen.com/news/impinj-nasdaq-pi-receives-strong-buy-rating-and-increased-price-target-from-susquehanna-analyst><strong>WallStreetZen</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Susquehanna's Christopher Rolland raised their price target on Impinj (NASDAQ: PI) by 7.1% from $140 to $150 on 2024/04/25. The analyst maintained their Strong Buy rating on the stock.Rolland made ...</p>\n\n<a href=\"https://www.wallstreetzen.com/news/impinj-nasdaq-pi-receives-strong-buy-rating-and-increased-price-target-from-susquehanna-analyst\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2237443622.USD","symbol_name":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","start_time":0,"source_url":"https://www.wallstreetzen.com/news/impinj-nasdaq-pi-receives-strong-buy-rating-and-increased-price-target-from-susquehanna-analyst","article_id":"2430103273","we_media_id":null,"thumbnails":["https://images.unsplash.com/photo-1484417894907-623942c8ee29?crop=entropy&cs=tinysrgb&fit=crop&fm=jpg&ixid=M3w0NDY2OTN8MHwxfHNlYXJjaHw4fHxJbmZvcm1hdGlvbiUyMFRlY2hub2xvZ3klMjBTZXJ2aWNlfGVufDB8MHx8fDE3MDQyNjYyOTV8MA&ixlib=rb-4.0.3&q=80&w=260&utm_source=wallstreetzen&utm_medium=referral&utm_campaign=api-credit&h=180"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430103273","pubTimestamp":1714132260,"sourceInfo":{"source_id":"wallstreetzen_highlight","name":"WallStreetZen"},"weMediaInfo":null,"summary":"Susquehanna's Christopher Rolland raised their price target on Impinj (NASDAQ: PI) by 7.1% from $140 to $150 on 2024/04/25. 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The analyst maintained their Strong Buy rating on the stock.Rolland made their price target move in response to Impinj's Q1 2024 earnings, reported on 2024/04/24, saying that the company \"posted a solid print with additional upside driven by the licensing win from NXP Semiconductors (NXPI). Customer engagements and new RFID markets continue to broaden the Impinj opportunity,\" Rolland said.Impinj reported EPS of $0.21 for Q1 2024, which beat the consensus estimate of $0.11 but missed Q1 2023's $0.28 by 25%. The company's revenue for the quarter was $76.8M, which beat the consensus estimate of $73.58M but fell short of Q1 2023's $85.9M by 10.6%.Looking ahead to Q2 2024, Impinj's management guided for revenue of $96M to $99M. Co-founder & CEO Chris Diorio expressed confidence in the company's market position and optimism about the opportunities ahead, stating, \"2024 started strong, with revenue and profitability exceeding both our Q4 results and Q1 guidance. As we continue driving our bold vision to connect every item in our everyday world, I remain confident in our market position and energized by the opportunities ahead.\"Other analysts also updated their ratings on Impinj following the earnings release. Piper Sandler's Harsh Kumar raised their price target by 15.4%, from $130 to $150, and reiterated their Strong Buy rating on the stock. Roth MKM's Scott Searle raised their price target by 16%, from $125 to $145, and maintained their Strong Buy rating. Needham's James Ricchiuti raised their price target by 23.1%, from $130 to $160, and maintained their Buy rating.Currently, 100% of top-rated analysts rate PI as a Strong Buy or Buy, with no analysts considering it a Hold. There are no analysts who recommend or strongly recommend selling the stock.Since Impinj's latest quarterly report on 2024/04/24, the stock price has increased by 28.6%. Year-over-year, the stock is up 14.4%. However, during the same period, Impinj is trailing the S&P 500, which has experienced a 24% increase.Susquehanna analyst Christopher Rolland is highly regarded, ranked in the top 1% out of 4,565 Wall Street analysts by WallStreetZen. With an average return of 23.8% and a win rate of 60.8%, Rolland specializes in the Technology and Industrials sectors.Impinj, Inc. operates a cloud connectivity platform that wirelessly connects individual items and delivers data about them to business and consumer applications. The company's platform includes endpoint ICs, reader ICs, readers, and gateways, as well as software and algorithms. Impinj primarily serves various sectors, including retail, supply chain and logistics, aviation, automotive, healthcare, and more.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430103273"}