Needham Maintains Buy on Impinj, Lowers Price Target to $85
Portfolio Pulse from richadhand@benzinga.com
Needham analyst James Ricchiuti has maintained a 'Buy' rating on Impinj (NASDAQ:PI) but lowered the price target from $145 to $85.

July 27, 2023 | 11:17 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Impinj's price target has been lowered from $145 to $85 by Needham, although the 'Buy' rating is maintained.
The lowering of the price target by Needham could lead to a negative sentiment among investors, potentially causing a short-term drop in Impinj's stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100