Impinj shares are trading lower after the company reported Q2 financial results. Additionally, Needham maintained a Buy rating on the stock but lowered its price target from $145 to $85.
Portfolio Pulse from Bill Haddad
Impinj reported its Q2 financial results, which led to a decrease in its share price. Needham maintained a Buy rating on the stock but lowered its price target from $145 to $85.
July 27, 2023 | 5:14 pm
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Impinj's Q2 financial results led to a decrease in its share price. Needham has maintained a Buy rating but lowered its price target from $145 to $85.
Impinj's Q2 financial results were not as expected, leading to a decrease in its share price. This is a direct impact on the company's stock. Additionally, Needham's decision to lower its price target, despite maintaining a Buy rating, could further negatively impact investor sentiment and the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100