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Fly News Breaks for February 21, 2020
PI
Feb 21, 2020 | 05:15 EDT
Piper Sandler analyst Troy Jensen continues to view Impinj as one his favorite ideas for 2020 as he believes the RFID market has entered a multi-year growth phase with growing demand across multiple verticals and emerging applications. The analyst thinks the company's Q4 results exceed expectations and he reiterates an Overweight rating on the shares with a $44 price target. Further, given his conversations with industry contacts, Jensen believes Impinj will have a "positive tone" regarding recent demand trends, longer-term opportunities and Q1 outlook.
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