Cantor Fitzgerald Starts Impinj Inc (PI) at Overweight, 'One of the Best Open-Ended Growth Stories with Favorable Tailwinds'

Cantor Fitzgerald analyst Troy Jensen initiates coverage on Impinj Inc (NASDAQ: PI) with a Overweight rating and a price target of $205.00.

The analyst comments "We initiate coverage of Impinj with an Overweight rating and $205 price target. Our Overweight rating is based on our view that the company is well-positioned to capitalize on a large addressable market as RAIN tag usage accelerates in the verticals of retail and general merchandise and supply chain and logistics (SC&L). Outside these two verticals, Impinj looks to grow market share by leveraging its system to enable more than 2,000 partners to drive solutions for end customers in other markets. We believe that Impinj is a leader in the Internet of Things (IoT) products with a platform of products at both ends of the radio wave frequency (radio line). Management is focused on growing revenues and expanding margins, which we think will benefit PI shares."

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 $171.26 yesterday.

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