Lake Street raised the firm’s price target on Impinj (PI) to $251 from $190 and keeps a Buy rating on the shares after the company’s “beat and guide up” report. The firm continues to be “impressed with Impinj’s strong execution” and “encouraged by management’s constructive commentary on the overall backdrop,” the analyst tells investors. While the firm adds that it understands some investors may push back on valuation, it believes shares can continue to work higher from current levels.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PI: