Impinj price target raised to $135 from $132 at Lake Street

Lake Street analyst Troy Jensen raised the firm’s price target on Impinj to $135 from $132 and keeps a Buy rating on the shares following what the firm identifies as "another record quarter." Lake Street continues to view Impinj as "one of the best open-ended growth stories" and forecasts meaningful revenue acceleration in 2023 given easing wafer supply constraints, record backlog levels, and "investments in nearly all aspects of the company."