Demystifying Impinj: Insights From 6 Analyst Reviews

6 analysts have shared their evaluations of Impinj PI during the recent three months, expressing a mix of bullish and bearish perspectives.

The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.

Analysts have set 12-month price targets for Impinj, revealing an average target of $124.17, a high estimate of $150.00, and a low estimate of $115.00. This upward trend is evident, with the current average reflecting a 18.45% increase from the previous average price target of $104.83.

Analyzing Analyst Ratings: A Detailed Breakdown

A comprehensive examination of how financial experts perceive Impinj is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Impinj. This information provides a snapshot of how analysts perceive the current state of the company.
• Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Impinj compared to the broader market.
• Price Targets: Delving into movements, analysts provide estimates for the future value of Impinj's stock. This analysis reveals shifts in analysts' expectations over time.

Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Impinj's market standing. Stay informed and make well-considered decisions with our Ratings Table.

Stay up to date on Impinj analyst ratings.

All You Need to Know 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.

Impinj's Economic Impact: An Analysis

Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.

Negative Revenue Trend: Examining Impinj's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -7.75% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.

Net Margin: Impinj's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -21.49%, the company may face hurdles in effective cost management.

Return on Equity (ROE): Impinj's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -44.04%, the company may encounter challenges in delivering satisfactory returns for shareholders.

Return on Assets (ROA): Impinj's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -4.2%, the company may face hurdles in achieving optimal financial performance.

Debt Management: With a high debt-to-equity ratio of 8.63, Impinj faces challenges in effectively managing its debt levels, indicating potential financial strain.

How Are Analyst Ratings Determined?

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.

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