Needham analyst James Ricchiuti reiterated a Buy rating on IMPINJ (NASDAQ:PI) Inc on Tuesday, setting a price target of $61, which is approximately 11.27% above the present share price of $54.82.
Ricchiuti expects IMPINJ Inc to post earnings per share (EPS) of -$0.63 for the first quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in IMPINJ, with an average price target of $54.
The analysts price targets range from a high of $61 to a low of $48.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $28.2 million and a net profit of -$13.02 million. The company's market cap is $1.27 billion.
According to TipRanks.com, Needham analyst James Ricchiuti is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 24.6% and a 69.58% 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.