Goldman Sachs Maintains Buy Rating for Impinj: Here's What You Need To Know

Goldman Sachs has decided to maintain its Buy rating of Impinj PI and raise its price target from $100.00 to $111.00.

Shares of Impinj are trading up 0.29% over the last 24 hours, at $119.96 per share.

A move to $111.00 would account for a 7.47% decline from the current share price.

About Impinj

Impinj Inc operates a platform that enables wireless connectivity to everyday items by delivering each item's identity, location, and authenticity to business and consumer applications. Its platform includes endpoint integrated circuits (ICs) product, a miniature radios-on-a-chip, which attach to and identify their host items; and connectivity layer that comprises readers, gateways, and reader ICs to wirelessly identify, locate, authenticate, and engage endpoints via RAIN, as well as provide power to and communicate bidirectionally with endpoint ICs. Geographically, the company has a business presence in the Americas, Asia Pacific, Europe, Middle East and Africa, of which key revenue is derived from the operations in the Asia Pacific region.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.