Impinj price target lowered to $133 at Cantor, would use weakness to buy shares

Cantor Fitzgerald lowered the firm’s price target on Impinj (PI) to $133 from $260 and keeps an Overweight rating on the shares. Impinj’s Q4 results were largely in line with expectations, though headwinds encountered at the end of Q4, resulted in higher inventory levels with Impinj’s partners and are expected to spill into the first quarter of 2025, the analyst tells investors in a research note. While Cantor expects the stock price to fall sharply on the lower Q1 guidance, the firm views any pullback as an opportunity to acquire the shares.