Impinj price target raised to $145 from $125 at Roth MKM

Roth MKM analyst Scott Searle raised the firm’s price target on Impinj to $145 from $125 and keeps a Buy rating on the shares after its Q1 earnings beat. The ongoing adoption of RFID continues with key 2024 customer deployments on track, the analyst tells investors in a research note. The firm is also raising its estimates on the stock due in part to endpoint IC recovery and market growth, though it also expects the early aftermarket stock pop to wane upon digestion of the upside contribution, Roth MKM added.