Impinj price target raised to $175 from $155 at UBS

UBS raised the firm’s price target on Impinj (PI) to $175 from $155 and keeps a Neutral rating on the shares. Impinj is seeing improving channel inventory dynamics, with demand tailwinds into Q2 supported by retail recovery and strong share gains, along with strength from the UPS program transitioning toward ASICs, the analyst tells investors in a research note. While record bookings provide near-term revenue support, visibility into 2H remains limited due to short lead times and conservative seasonal assumptions, the firm says.