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Why Impinj Stock Dropped Today

TheMotleyFool 
0 0 14.01.26
Why Impinj Stock Dropped TodayPhoto, wide shot, wide-angle lens, soft focus, Networking equipment supplier, sunset photo at golden hour, photo by Art Wolfe: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-LvyAFCAMshu3rGBke5G5gxuI.png?st=2023-05-10T15%3A37%3A29Z&se=2023-05-10T17%3A37%3A29Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-10T02%3A36%3A27Z&ske=2023-05-11T02%3A36%3A27Z&sks=b&skv=2021-08-06&sig=nXxCmLby4SxAAd/YtNVxZStdXrs9BCydapQDQaR/oac%3D
 

Impinj (NASDAQ: PI) stock tumbled 7% through 11:55 a.m. ET Wednesday despite hinting last night that it might beat analyst forecasts for Q4 sales.

Analysts expect the Internet of Things stock to report sales of less than $92 million for the quarter, but Impinj reminded that its own guidance was for $90 million to $93 million -- and it expects to land toward the high end of that range.

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Source Fool.com

Impinj Inc Stock

€152.75
-2.740%
A loss of -2.740% shows a downward development for Impinj Inc.
Impinj Inc is currently one of the favorites of our community with 15 Buy predictions and no Sell predictions.
As a result the target price of 166 € shows a slightly positive potential of 8.67% compared to the current price of 152.75 € for Impinj Inc.
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