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After a 40% Drop, Analysts Remain Bullish on Impinj

Written by MarketBeat Staff
May 1, 2023

Key Points

  • Impinj plunged as much as 40% in heavy volume after reporting disappointing first quarter results.
  • A half dozen analysts reiterated their bullish positions last week, ‘identifying’ the selloff as an attractive buy opportunity.
  • Long-term growth opportunities have analysts sticking with their bullish opinions.
  • Impinj recently announced 62% sales growth and is on pace for 51% EPS growth this year.
  • 5 stocks we like better than Impinj.

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Impinj (PI)
4.9322 of 5 stars		$175.92-0.3%N/A197.66Moderate Buy$224.60
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