Why Impinj Stock Dropped Today
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.
Source Fool.com
Impinj Inc Stock
€86.60
-3.390%
The stock is an absolute favorite of our community with 22 Buy predictions and no Sell predictions.
As a result the target price of 148 € shows a very positive potential of 70.9% compared to the current price of 86.6 € for Impinj Inc.
