Lake Street raised the firm’s price target on Impinj (PI) to $251 from $190 and keeps a Buy rating on the shares after the company’s “beat and guide up” report. The firm continues to be “impressed with Impinj’s strong execution” and “encouraged by management’s constructive commentary on the overall backdrop,” the analyst tells investors. While the firm adds that it understands some investors may push back on valuation, it believes shares can continue to work higher from current levels.
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