Impinj price target raised to $155 from $118 at Lake Street

Lake Street raised the firm’s price target on Impinj to $155 from $118 and keeps a Buy rating on the shares after the company reported better than expected revenue, AEBITDA, and EPS results as momentum experienced in Q4 continued in Q1. While “the big headline guidance stands out the most, we think investors should not lose sight of the strong upside results and the fact guidance was still above estimates when excluding the license payment,” says the analyst, who continues to think Impinj is positioned to drive meaningful top and bottom line growth this year and next.