Impinj price target raised to $132 from $109 at Lake Street

Lake Street analyst Troy Jensen raised the firm’s price target on Impinj to $132 from $109 and keeps a Buy rating on the shares after the company positively preannounced Q4 results. Momentum appears to have continued into the new year and he anticipates 2023 will be "another spectacular year for the RFID industry in general and Impinj specifically," Jensen tells investors.