Canaccord analyst T. Michael Walkley raised his price target on Impinj to $39 from $35 following strong Q2 results. The analyst anticipates strong long-term growth trends driven by new industry broader adoption after it cleared hundreds of millions of endpoint inventory. Walkley reiterated his Buy rating on Impinj shares.
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Susquehanna analyst Christopher Rolland raised the firm's price target on Impinj to $140 from $130 and keeps a Positive rating on the shares. The firm previewed their semiconductors space for Q1 and raised its target onselect names despite expecting broad-based headwinds although admitting different markets/companies remain at different sections of the downcycle.