Needham Maintains Buy on Impinj, Raises Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
Needham analyst James Ricchiuti has reaffirmed a Buy rating on Impinj (NASDAQ:PI) and increased the price target from $85 to $115, indicating a positive outlook on the company's stock.
January 18, 2024 | 10:23 am
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POSITIVE IMPACT
Needham analyst James Ricchiuti maintains a Buy rating on Impinj and raises the price target from $85 to $115, suggesting a strong confidence in the company's future performance.
The increase in price target by a reputable analyst typically signals a bullish outlook on the stock, which can lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100