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Impinj pullback provides ‘great entry point,’ says Lake Street
The Fly

Impinj pullback provides ‘great entry point,’ says Lake Street

Lake Street analyst Troy Jensen lowered the firm’s price target on Impinj to $130 from $135 and keeps a Buy rating on the shares. Impinj reported "solid" Q1 results, but Q2 guidance was below expectations as a "handful of marquee deployments with both retail and logistics customers have slipped to the right for a few months," the analyst tells investors. The firm, which says it still views Impinj as "the best way to play the RFID market," believes the negative reaction to Q2 guidance creates "a great entry point for one of the best, open-ended growth opportunities in our coverage."

Published first on TheFly

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