Why Impinj Stock Was Gliding Higher This Week
The target of not just one but two bullish analyst notes in a matter of days, (NASDAQ: PI)'s stock was a success story this week. According to data compiled by S&P Global Market Intelligence, its shares had risen in value by 11% week to date as of late Thursday evening.
The first of the two analyses evaluating Impinj -- which makes radio frequency identification (RFID) components, and was one of the companies responsible for the growth of the Internet of Things (IoT) industry -- was published on Monday. This was an update from Cantor Fitzgerald's Troy Jensen detailing a significant price target raise.
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Source Fool.com
Impinj Inc Stock
€134.95
-0.690%
Impinj Inc is currently one of the favorites of our community with 19 Buy predictions and no Sell predictions.
As a result the target price of 161 € shows a slightly positive potential of 19.3% compared to the current price of 134.95 € for Impinj Inc.
