Impinj price target lowered to $175 from $255 at Needham

Needham lowered the firm’s price target on Impinj (PI) to $175 from $255 and keeps a Buy rating on the shares. The company provided a weaker-than-expected Q1 outlook, owing mainly to its large North American logistics supply chain customer making significant changes with supplier allocations, the analyst tells investors in a research note. Impinj still believes 2026 could be a growth year, as shipments of the new chip to the logistics customer accelerate, the firm adds.