Why Impinj Stock Is Popping Today
Shares of Impinj, Inc. (NASDAQ: PI) spiked today after Goldman Sachs analyst Toshiya Hari initiated coverage of the stock with a buy rating. Hari set the company's price target at $46 per share and said in an investor note that Impinj is at the "precipice of a significant untapped market" in the radio-frequency identification (RFID) space. The RFID technology market will be worth an estimated $40.5 billion by 2025, and Hari believes the company will benefit as the market grows over the next few years.
