Impinj price target raised to $165 from $145 at Roth Capital

Roth Capital raised the firm’s price target on Impinj (PI) to $165 from $145 and keeps a Buy rating on the shares. The company soundly beat Q2 estimates with results above the high end of guidance, with a combination of channel normalization and healthy secular growth trends seen as the quarter’s drivers, the analyst tells investors in a research note. Impinj’s Q3 guidance was also well above the firm’s Street-high expectations as normal seasonal patterns return, the firm added.