Roth MKM raised the firm’s price target on Impinj to $120 from $115 and keeps a Buy rating on the shares. The company’s Investor Day presentation reaffirmed its Q2 guidance, announced its next-gen M800, provided early breadcrumbs on the evolution of a recurring SaaS model and offered a long-term financial model forecasting $3.50+ EPS by 2026/27, the analyst tells investors in a research note. In combination with details for market development from the RAIN Alliance, the firm came away from the event more positive on the long-term opportunity for Impinj.
Published first on TheFly
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