Pacific Crest Starts Impinj Inc (PI) at Overweight

August 15, 2016 7:09 AM EDT
Get Alerts PI Hot Sheet
Price: $30.64 -3.37%

Rating Summary:
    5 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 54
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Pacific Crest initiated coverage on Impinj Inc (NASDAQ: PI) with a Overweight rating and a price target of $24.

Analyst Brad Erickson said, "As a leader in item-level RFID tagging and reading, PI plays directly into retailers' needs to invest in omnichannel strategies. Impinj has a patented, end-to-end platform, two-thirds of its revenue is annuity in a hugely under-penetrated market, and it has multiple upside drivers. Initiating at Overweight with a $24 target."

For an analyst ratings summary and ratings history on Impinj Inc click here. For more ratings news on Impinj Inc click here.

Shares of Impinj Inc closed at $19.97 yesterday.

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