Barclays Sees “Potentially Huge Opportunity” for Impinj (PI), Cites Growing Momentum in Grocery Deployments

Impinj, Inc. (NASDAQ:PI) is 1 of the overlooked tech stocks to put in.

A technician installing a barcode printer astatine a constituent of merchantability strategy successful a retail store.

Impinj, Inc. (NASDAQ:PI) had its terms people raised from $200 to $211 by Barclays connected November 5, portion maintaining its “Overweight” rating. With market deployments gaining momentum, the concern steadfast cited the company’s “potentially immense opportunity,” peculiarly aft the caller selloff.

Meanwhile, connected October 29, Impinj, Inc. (NASDAQ:PI) reported its third-quarter results. The institution recorded non-GAAP EPS of $0.58, supra the $0.51 consensus. Thanks to grounds endpoint IC volumes and higher-than-expected scholar income crossed applications, Impinj’s gross reached $96.1 million, up 1% YoY. At the aforesaid time, ample North American and European deployments drove Systems’ sequential gross surge of 30%.

The 4th besides marked grounds adjusted EBITDA of $19.1 million. Furthermore, the merchandise premix and licensing contributions resulted successful improved gross margins. Looking ahead, Impinj, Inc. (NASDAQ:PI) remains well-positioned for maturation successful e-commerce, food, and market markets, with disciplined operating expenses and ongoing investments successful Gen2X-enabled solutions. Management besides cited strategical enactment hires arsenic different cardinal maturation driver.

Impinj, Inc. (NASDAQ:PI) enables the real-time tracking and transportation of items for retailers, proviso concatenation operators, and businesses done its RAIN RFID and IoT solutions.

While we admit the imaginable of PI arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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