Colliers Securities analyst Derek Soderberg maintained a Buy rating on IMPINJ (NASDAQ:PI) Inc on Friday, setting a price target of $100, which is approximately 24.07% above the present share price of $80.6.
Soderberg expects IMPINJ Inc to post earnings per share (EPS) of -$0.53 for the fourth quarter of 2021.
The current consensus among 8 TipRanks analysts is for a Strong Buy rating of shares in IMPINJ, with an average price target of $81.75.
The analysts price targets range from a high of $100 to a low of $63.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $45.19 million and a net profit of -$12.37 million. The company's market cap is $1.97 billion.
According to TipRanks.com, Colliers Securities analyst Derek Soderberg is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 8.7% and a 51.43% 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.