Impinj price target raised to $255 from $195 at Needham

Needham analyst James Ricchiuti raised the firm’s price target on Impinj (PI) to $255 from $195 and keeps a Buy rating on the shares. The company posted stronger Q3 results and provided an in-line revenue outlook for Q4, with better earnings, even though the print may not be enough to satisfy investors following the sharp run-up in the shares, the analyst tells investors in a research note.