Goldman Sachs Maintains Buy on Impinj, Raises Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Toshiya Hari has maintained a Buy rating on Impinj (NASDAQ:PI) and increased the price target from $89 to $115, indicating a positive outlook on the company's stock.
February 09, 2024 | 3:34 pm
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POSITIVE IMPACT
Goldman Sachs maintains a Buy rating on Impinj and raises the price target from $89 to $115, showing strong confidence in the company's future performance.
The increase in price target by a reputable analyst like Goldman Sachs typically signals a strong bullish outlook on the stock, suggesting that the analyst sees significant upside potential. This can often lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100