Impinj price target raised to $150 from $130 at Piper Sandler

Piper Sandler analyst Harsh Kumar raised the firm’s price target on Impinj to $150 from $130 and keeps an Overweight rating on the shares. The firm notes Impinj reported an excellent quarter and guide not only driven the one-time royalty payment in Q2 but also organic growth in endpoint ICs. Most importantly, Impinj is seeing green shoots in a lot of interesting end markets, including and outside its core retail apparel market, Piper adds.