RBC Capital Starts Impinj Inc (PI) at Outperform

August 15, 2016 6:15 AM EDT
Get Alerts PI Hot Sheet
Price: $31.13 +2.37%

Rating Summary:
    5 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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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."

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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