Impinj price target raised to $155 from $140 at Canaccord

Canaccord analyst T. Michael Walkley raised the firm’s price target on Impinj to $155 from $140 and keeps a Buy rating on the shares. The analyst said despite the record results, in part aided by improving wafer supply, management again noted endpoint demand is much greater than the company’s ability to supply, which is likely to continue to limit sales for the next several quarters.