Impinj initiated with an Overweight at Barclays

Barclays initiated coverage of Impinj (PI) with an Overweight rating and $200 price target RFID plays a significant and increasing role in the Internet of Things ecosystem, and the company is one of two dominant providers of RAIN RFID chips or endpoint ICs, with an estimated 52% market share of the global endpoint IC market, the analyst tells investors in a research note.