Impinj with ticker code (PI) now have 8 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 100 and 63 with a mean TP of 87. Given that the stocks previous close was at 61.9 this is indicating there is a potential upside of 40.5%. The day 50 moving average is 73.49 and the 200 day MA is 63.71. The company has a market cap of $1,602m. Visit the company website at: https://www.impinj.com
The potential market cap would be $2,252m based on the market concensus.
Impinj operates a cloud connectivity platform. Its platform, which comprises multiple product families, wirelessly connects individual items and delivers data about the connected items to business and consumer applications. The company’s platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and ludes a number to identify the item. Its platform also consists of systems products that comprise reader ICs, readers, and gateways to wirelessly provide power to and communicate bidirectionally with endpoint ICs on host items, as well as to read, write, authenticate, and engage the endpoint ICs on those items; and software and algorithms that enables its partners to deliver use cases, such as retail self-checkout and loss prevention, and warehouse pallet and carton tracking to end users. The company primarily serves retail, supply chain and logistics, aviation, automotive, healthcare, industrial and manufacturing, sports, food, datacenter, travel, banking, and linen and uniform tracking sectors through distributors, system integrators, value-added resellers, and software solution partners in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Impinj was orporated in 2000 and is headquartered in Seattle, Washington.
