Jefferies Assumes Impinj at Buy, Raises Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Blayne Curtis has initiated coverage on Impinj (NASDAQ:PI) with a Buy rating and increased the price target to $200.

May 13, 2024 | 1:09 pm
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Jefferies analyst Blayne Curtis has given Impinj a Buy rating and raised the price target to $200, indicating a positive outlook on the stock.
Analyst ratings, especially upgrades and positive price target adjustments, can lead to short-term price increases as they often reflect a bullish outlook on the company's future performance. Given that this is a direct recommendation with a significant price target increase, it's likely to have a positive impact on Impinj's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100