Piper Sandler analyst Harsh Kumar lowered the firm’s price target on Impinj to $130 from $140 and keeps an Overweight rating on the shares. The company reported a March quarter that was mixed with guidance that was clearly below expectations, the analyst tells investors in a research note. However, the firm believes the current issues impacting the flat June quarter guide are transitory in nature. Piper’s confidence for growth in Q3 and Q4 "is unshaken."
Published first on TheFly
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