Impinj price target raised to $235 from $165 at Roth Capital

Roth Capital analyst Scott Searle raised the firm’s price target on Impinj (PI) to $235 from $165 and keeps a Buy rating on the shares. The company reported solid Q3 results with sales and EPS above the high end of guidance but a more muted outlook, the analyst tells investors in a research note. The long-term prospects remain extremely bright with accelerating Food vertical adoption, continued Walmart phase 3 potential likely in 2026, a robust pipeline and Gen2X traction, the firm added.