Roth Capital Starts Impinj Inc (PI) at Buy

Roth Capital analyst Scott Searle initiates coverage on Impinj Inc (NASDAQ: PI) with a Buy rating and a price target of $27.00.

The analyst comments "Impinj is a pioneer and leading supplier of RAIN based passive RFID solutions. With low costs, reasonable range, and a passive design, RAIN RFID is the front line of IoT connectivity in a multi-trillion-unit TAM to identify, locate and authenticate unique items across multiple verticals. As the leading supplier of RAIN ICs for endpoints and readers in a largely oligopoly market, Impinj is well positioned to capitalize on this rapidly emerging opportunity."

For an analyst ratings summary and ratings history on Impinj Inc click here. For more ratings news on Impinj Inc click here.

Shares of Impinj Inc closed at $20.48 yesterday.

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