Peeling Back The Layers: Exploring Impinj Through Analyst Insights

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Providing a diverse range of perspectives from bullish to bearish, 11 analysts have published ratings on Impinj PI in the last three months.

The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 7 4 0 0 0
Last 30D 1 0 0 0 0
1M Ago 3 4 0 0 0
2M Ago 3 0 0 0 0
3M Ago 0 0 0 0 0

Analysts have recently evaluated Impinj and provided 12-month price targets. The average target is $151.45, accompanied by a high estimate of $200.00 and a low estimate of $125.00. Observing a 17.86% increase, the current average has risen from the previous average price target of $128.50.

Breaking Down Analyst Ratings: A Detailed Examination

In examining recent analyst actions, we gain insights into how financial experts perceive Impinj. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Blayne Curtis Jefferies Raises Buy $200.00 $135.00
Toshiya Hari Goldman Sachs Raises Buy $156.00 $130.00
Christopher Rolland Susquehanna Raises Positive $150.00 $140.00
Scott Searle Roth MKM Raises Buy $145.00 $125.00
Harsh Kumar Piper Sandler Raises Overweight $150.00 $130.00
James Ricchiuti Needham Raises Buy $160.00 $130.00
Christopher Rolland Susquehanna Raises Positive $140.00 $130.00
Mark Lipacis Evercore ISI Group Announces Outperform $160.00 -
Scott Searle Roth MKM Raises Buy $125.00 $115.00
James Ricchiuti Needham Raises Buy $130.00 $120.00
Michael Walkley Canaccord Genuity Raises Buy $150.00 $130.00

Key Insights:

  • Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Impinj. This information provides a snapshot of how analysts perceive the current state of the company.
  • Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Impinj compared to the broader market.
  • Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Impinj's stock. This examination reveals shifts in analysts' expectations over time.

To gain a panoramic view of Impinj's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.

Stay up to date on Impinj analyst ratings.

Unveiling the Story Behind Impinj

Impinj Inc operates a platform that enables wireless connectivity to everyday items by delivering each item's identity, location, and authenticity to business and consumer applications. Its platform includes endpoint integrated circuits (ICs) product, a miniature radios-on-a-chip, which attach to and identify their host items; and connectivity layer that comprises readers, gateways, and reader ICs to wirelessly identify, locate, authenticate, and engage endpoints via RAIN, as well as provide power to and communicate bidirectionally with endpoint ICs. Geographically, the company has a business presence in the Americas, Asia Pacific, Europe, Middle East and Africa, of which key revenue is derived from the operations in the Asia Pacific region.

A Deep Dive into Impinj's Financials

Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.

Revenue Challenges: Impinj's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -10.56%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.

Net Margin: Impinj's net margin is impressive, surpassing industry averages. With a net margin of 44.99%, the company demonstrates strong profitability and effective cost management.

Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 57.57%, the company showcases effective utilization of equity capital.

Return on Assets (ROA): Impinj's ROA stands out, surpassing industry averages. With an impressive ROA of 8.94%, the company demonstrates effective utilization of assets and strong financial performance.

Debt Management: Impinj's debt-to-equity ratio is notably higher than the industry average. With a ratio of 3.42, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.

How Are Analyst Ratings Determined?

Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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