Impinj Inc (PI) Stock AnalysisPIImpinj Inc

Impinj, Inc. (Impinj) is a RAIN radio frequency identification (RFID) and Internet of things provider. The Company helps businesses and people analyze, optimize, and innovate by wirelessly connecting billions of everyday things, such as apparel, automobile parts, luggage, and shipments to the Internet. The Impinj platform uses RAIN RFID to deliver timely data about these everyday things to business and consumer applications, enabling a boundless Internet of Things. It designs, sells or licenses, including silicon RAIN radios; manufacturing, test, encoding and reading systems, and software and cloud services that encapsulate its solutions know-how. The Company sells two types of silicon integrated circuit (IC), radios. The first are endpoint ICs that store a serialized number to wirelessly identify an item. The second are reader ICs that its partners use in finished readers to wirelessly discover, inventory and engage the endpoint ICs. It operates in the Technology sector (ELECTRONIC COMPONENTS, NEC industry).

Impinj Inc is a good buy right now due to its recent strong earnings report showing a record revenue of $108.4 million and a non-GAAP net income of $27 million, alongside a positive analyst outlook with a target price of $220 from BMO Capital, which represents a potential upside of 16.05% from the current price of $189.63. However, the main risk is the declining revenues reported in Q1 2026 and 2025, which could impact future performance.

7 analysts cover PI: 4 rate it Buy, 3 Hold and 0 Sell. The average price target is 240.50.