Canaccord analyst T. Michael Walkley raised the firm’s price target on Impinj to $140 from $115 and keeps a Buy rating on the shares. The analyst said the preannounced revenue upside supports his positive long-term thesis for sustained growth opportunities for RAIN RFID adoption with strong growth potential across retail, supply chain and logistics, auto, aviation, healthcare and other large markets.
Published first on TheFly
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