Piper Sandler has revised its price target for Impinj (PI, Financial), lowering it from $140 to $100 while maintaining an Overweight rating on the company's shares. This adjustment comes as the firm reassesses Impinj's financial outlook in anticipation of the company's upcoming first quarter earnings report.
Impinj, known for its extensive exposure to various macroeconomic factors, is particularly vulnerable to shifts in consumer behavior and spending. The company has significant operations in sectors such as retail apparel, general merchandise, and logistics, all of which face potential challenges due to ongoing uncertainties in trade and tariffs, as well as overall consumer spending trends.
Piper Sandler notes that a substantial portion of Impinj's revenue, particularly the endpoint IC business, relies heavily on consumer demand. The firm estimates that approximately 80% of Impinj's total revenue is sensitive to current consumer market conditions, which have been showing signs of weakness.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for Impinj Inc (PI, Financial) is $143.44 with a high estimate of $160.00 and a low estimate of $129.00. The average target implies an upside of 105.89% from the current price of $69.67. More detailed estimate data can be found on the Impinj Inc (PI) Forecast page.
Based on the consensus recommendation from 8 brokerage firms, Impinj Inc's (PI, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Impinj Inc (PI, Financial) in one year is $138.86, suggesting a upside of 99.31% from the current price of $69.67. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Impinj Inc (PI) Summary page.
