1 Top Small-Cap Chip Stock That Could Be Poised for Massive Gains
When most consumers think of the Internet of Things (IoT), a smart home speaker, a wearable device like a watch or earbuds, or some other type of equipment hooked up to a network may come to mind. But is that definition too narrow?
Small IoT chip designer Impinj (NASDAQ: PI) thinks so. To date, the radio frequency technology that the company helped pioneer has connected tens of billions of random items to the internet -- equipment in a company's possession, merchandise moving through supply chains, even pieces of clothing sitting in a store.
It's been a high-growth business since the Seattle-based company's initial public offering in 2016, but shares have recently taken a massive tumble, down 50% so far in 2023. What happened? And is it time to buy ahead of a potential recovery in the stock?
Source Fool.com
Impinj Inc Stock
We see a rather positive sentiment for Impinj Inc with 19 Buy predictions and 2 Sell predictions.
As a result the target price of 149 € shows a slightly positive potential of 3.65% compared to the current price of 143.75 € for Impinj Inc.
