Impinj price target raised to $235 from $165 at Roth Capital

Roth Capital analyst Scott Searle raised the firm’s price target on Impinj (PI) to $235 from $165 and keeps a Buy rating on the shares after the company reported “solid” Q3 results but with a more muted outlook. The long-term prospects “remain extremely bright” with continued Walmart (WMT) phase 3 potential likely in 2026 and “a robust pipeline,” says the analyst, who believes some near-term patience is warranted given the recent Walmart food “pop,” seasonality, the current valuation and general economic concerns.