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.
Image source: Getty Images.
Source Fool.com
Impinj Inc Stock
€88.94
2.520%
With 22 Buy predictions and not a single Sell prediction Impinj Inc is an absolute favorite of our community.
With a target price of 148 € there is a hugely positive potential of 66.4% for Impinj Inc compared to the current price of 88.94 €.
