IMPINJ ( (PI) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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IMPINJ’s stock is on the rise, fueled by strategic partnerships and optimistic market forecasts. Analysts have responded by raising price targets, with Piper Sandler highlighting a new partnership between Avery Dennison and Walmart that is expected to boost RFID adoption, benefiting IMPINJ. Susquehanna also increased their target, anticipating strong results despite challenges in the semiconductor sector.
More about IMPINJ
YTD Price Performance: 37.70%
Average Trading Volume: 546,742
Technical Sentiment Signal: Buy
Current Market Cap: $5.84B
For further insights into PI stock on TipRanks’ Stock Analysis page.
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