Impinj (NASDAQ:PI) Stock Price Expected to Rise, Susquehanna Analyst Says

Key Points

• Susquehanna raised Impinj’s price target to $225 from $175 and maintained a positive rating, implying 27.49% upside from the prior close. The consensus rating is “Moderate Buy,” with an average target of $193.90.
• Impinj’s latest quarter exceeded expectations, with EPS of $0.69 versus $0.61 expected and revenue of $112.08 million, up 16.7% year over year. Strong demand for its M800 endpoint chips helped drive growth and capacity expansion.
• Despite improving results, the company guided for lower sequential fourth-quarter revenue of $104 million to $107 million, maintains a negative net margin, and has seen insiders sell more than $2 million in stock over the past quarter.

Impinj (NASDAQ:PI - Get Free Report) had its price target boosted by analysts at Susquehanna from $175.00 to $225.00 in a research note issued on Thursday, Benzinga reports. The firm currently has a "positive" rating on the stock. Susquehanna's price target suggests a potential upside of 27.49% from the company's previous close.

Several other research firms have also issued reports on PI. Jefferies Financial Group reissued a "buy" rating and issued a $220.00 price target on shares of Impinj in a research report on Thursday. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Impinj in a report on Wednesday. Barclays lifted their price objective on shares of Impinj from $176.00 to $200.00 and gave the company an "overweight" rating in a research note on Monday, October 12th. Needham & Company LLC boosted their target price on shares of Impinj from $168.00 to $195.00 and gave the company a "buy" rating in a report on Thursday. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $200.00 target price on shares of Impinj in a report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $193.90.

Impinj Trading Up 1.0%

Shares of PI opened at $176.48 on Thursday. The business has a 50-day moving average of $176.12 and a 200 day moving average of $144.61. Impinj has a fifty-two week low of $87.36 and a fifty-two week high of $245.93. The firm has a market cap of $5.39 billion, a P/E ratio of -191.83 and a beta of 1.94. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.29 and a current ratio of 3.28.

Impinj (NASDAQ:PI - Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.08. The business had revenue of $112.08 million for the quarter, compared to analysts' expectations of $107.16 million. Impinj had a positive return on equity of 5.23% and a negative net margin of 7.26%. The firm's quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.58 EPS. As a group, research analysts forecast that Impinj will post 0.37 EPS for the current year.

Insider Activity

In other news, CFO Cary Baker sold 8,892 shares of the company's stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $185.00, for a total transaction of $1,645,020.00. Following the sale, the chief financial officer directly owned 80,388 shares in the company, valued at $14,871,780. This represents a 9.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Miron Washington sold 800 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $173.26, for a total transaction of $138,608.00. Following the completion of the sale, the director directly owned 4,354 shares in the company, valued at approximately $754,374.04. The trade was a 15.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 11,121 shares of company stock worth $2,047,993. Company insiders own 6.80% of the company's stock.

Institutional Trading of Impinj

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Signaturefd LLC increased its position in shares of Impinj by 72.3% in the third quarter. Signaturefd LLC now owns 162 shares of the company's stock worth $29,000 after purchasing an additional 68 shares during the last quarter. TOP Private Wealth LLC. bought a new stake in Impinj during the second quarter valued at approximately $25,000. CoreCap Advisors LLC bought a new stake in Impinj during the third quarter valued at approximately $37,000. Global Retirement Partners LLC bought a new stake in Impinj during the second quarter valued at approximately $31,000. Finally, Western Wealth Management LLC purchased a new position in Impinj in the 1st quarter worth approximately $28,000.

Impinj News Summary

Here are the key news stories impacting Impinj this week:

• Positive Sentiment: Q3 results exceeded expectations: Impinj reported adjusted earnings of $0.69 per share, above the $0.61 consensus estimate, while revenue rose 16.7% year over year to a record $112.08 million, surpassing expectations of $107.16 million. Impinj Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Endpoint IC demand was a key growth driver: Management highlighted strong demand for its M800 products, supporting increased back-end production capacity and reinforcing the company’s growth trajectory. Impinj endpoint IC revenue report
• Positive Sentiment: Analyst confidence improved: Needham raised its price target on Impinj from $168 to $195 and assigned a “buy” rating, citing the company’s earnings performance and outlook.
• Positive Sentiment: Profitability and margins improved: Coverage described the quarter as featuring record revenue and margin expansion, while adjusted earnings increased from $0.58 per share in the prior-year quarter. Impinj Q3 2026: Record Revenue and Margin Expansion
• Neutral Sentiment: Q4 outlook implies a sequential slowdown: Impinj forecast fourth-quarter revenue of $104 million to $107 million, below its third-quarter result, although management expects M800 demand and capacity expansion to support future growth. Impinj Q4 2026 revenue outlook
• Negative Sentiment: Valuation remains demanding: Despite improved adjusted profitability, the company continues to report a negative net margin, and its elevated valuation leaves the stock sensitive to any shortfall in growth or execution.

Impinj Company Profile

Impinj, Inc NASDAQ: PI develops technology for the Internet of Things (IoT) based on RAIN RFID, a wireless technology used to identify, locate and authenticate individual items. Its platform is designed to connect physical products, packages and assets to digital systems, helping organizations collect real-time information throughout supply chains and business operations.

The company offers a portfolio of RAIN RFID endpoint integrated circuits, reader chips, RFID readers and gateways, antennas, and cloud and software solutions.

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