Impinj price target raised to $140 from $120 at Piper Sandler

Piper Sandler analyst Harsh Kumar raised the firm’s price target on Impinj to $140 from $120 and keeps an Overweight rating on the shares. The analyst believes the middle of the first half of 2023 "will prove to the definitive bottom for stocks from a fundamental angle." Piper’s posture remains constructive on semiconductors going into the prints this quarter.