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Fly News Breaks for July 30, 2019
PI
Jul 30, 2019 | 05:13 EDT
Piper Jaffray analyst Troy Jensen raised his price target for Impinj to $40 from $32 saying the company reported "strong" June quarter results. The analyst believes the RFID market has entered a new phase of growth with broad based strength across multiple verticals. And while Impinj's September quarter guidance was slightly below plan, management has exceeded the high-end of guidance for the past five quarters, Jensen tells investors in a research note. He believes the company is being conservative and reiterates an Overweight rating on the shares.
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