Piper Sandler analyst Harsh Kumar raised the firm’s price target on Impinj (PI) to $180 from $140 and keeps an Overweight rating on the shares. The firm notes the company exceeded expectations set by the street for both the June and September quarters with its Q2 earnings report. Revenue was driven by strong traction across verticals and while the company had not accounted for turns in its June quarter guidance initially, the turns business ended up being on track.
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