Colliers Securities analyst Derek Soderberg maintained a Buy rating on IMPINJ (NASDAQ:PI) Inc on Tuesday, setting a price target of $82, which is approximately 92.94% above the present share price of $42.5.
Soderberg expects IMPINJ Inc to post earnings per share (EPS) of -$0.40 for the third quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Strong Buy rating of shares in IMPINJ, with an average price target of $74.33.
The analysts price targets range from a high of $82 to a low of $66.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $45.25 million and a net profit of -$7.61 million. The company's market cap is $1.02 billion.
According to TipRanks.com, Colliers Securities analyst Derek Soderberg is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -4.2% and a 41.67% success rate.
IImpinj, Inc. engages in the development and sale of RAIN, a radio frequency identification solution. Its platform allows inventory management, patient safety, asset tracking and item authentication for the retail, healthcare, supply chain & logistics, hospitality, food & beverage and industrial manufacturing industries. The company was founded by Carver Mead and Chris Diorio in April 2000 and is headquartered in Seattle, WA.