Impinj price target raised to $137 from $112 at Jefferies

Jefferies analyst Mark Lipacis raised the firm’s price target on Impinj to $137 from $112 and keeps a Buy rating on the shares after the company pre-announced preliminary Q4 revenue 5% above the Street. Lipacis, who believes supply challenges have bottomed near-term, raised his 2023 revenue estimate to $328M from $312M.