RBC Capital Starts Impinj Inc (PI) at Outperform
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RBC Capital initiated coverage on Impinj Inc (NASDAQ: PI) with a Outperform rating and a price target of $25.
Analyst Mitch Steves said, "We take a positive view of the Company with the following highlights: (1) large market opportunity with IoT potential, (2) 25%+ sustainable long term revenue growth, (3) leading edge technology with an end-to-end solution from endpoints to software and (4) a clear path to mid-teens EBITDA margins."
Shares of Impinj Inc closed at $19.97 yesterday.
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