Susquehanna analyst Christopher Rolland has reiterated their bullish stance on PI stock, giving a Buy rating today.
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Christopher Rolland has given his Buy rating due to a combination of factors influencing IMPINJ’s current standing and future potential. Despite the short-term challenges presented by an accumulation of excess endpoint IC inventory and deferred customer orders, Rolland remains optimistic about IMPINJ’s long-term prospects. The company’s revenue from Systems exceeded expectations due to strong performance in reader, gateway, and reader IC segments, although a decline is anticipated in the coming months due to the conclusion of a significant rollout program.
Management’s engagement with new large grocery chains and the overwhelming interest in the Gen2X solution, which could expand IMPINJ’s market opportunities, further supports the Buy rating. The anticipation of solid industry RAIN label sell-through by 2025 and the potential ramping of new programs in 2026 contribute to a positive outlook. Although there is a reduction in the price target, the analyst sees promising growth in retail sales, logistics shipments, and the adoption of new technologies, underscoring the long-term value of IMPINJ’s stock.
In another report released today, Needham also maintained a Buy rating on the stock with a $130.00 price target.