Impinj (PI) was Reiterated by Piper Jaffray to “Overweight” according to the research note released today. The brokerage firm has raised the Price Target to $ 30 from a previous price target of $24 . Piper Jaffray advised their investors in a research report released on Sep 1, 2016.
Many Wall Street Analysts have commented on Impinj. Company shares were Reiterated by RBC Capital Mkts on Sep 1, 2016 to “Outperform”, Firm has raised the Price Target to $ 30 from a previous price target of $25 .RBC Capital Mkts Initiated Impinj on Aug 15, 2016 to “Outperform”, Price Target of the shares are set at $25.Piper Jaffray Initiated Impinj on Aug 15, 2016 to “Overweight”, Price Target of the shares are set at $24.
On the company’s financial health, Impinj reported $0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 31, 2016. Analyst had a consensus of $0.02. The company had revenue of $47.60 million for the quarter, compared to analysts expectations of $25.31 million. The company’s revenue was up 35.2% compared to the same quarter last year.