Wall Street Analysts See a 27.21% Upside in Impinj (PI): Can the Stock Really Move This High?

Group 1 - Impinj (PI) shares have increased by 52.5% in the past four weeks, closing at $117.52, with a mean price target of $149.50 indicating a potential upside of 27.2% [1] - The mean estimate consists of eight short-term price targets with a standard deviation of $55.04, where the lowest estimate is $100 (14.9% decline) and the highest is $251 (113.6% increase) [2] - Analysts show strong agreement in revising earnings estimates higher, with the Zacks Consensus Estimate for the current year increasing by 102.6% over the past month [11][12] Group 2 - The Zacks Rank for PI is 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [13] - While price targets are often viewed as important, they can mislead investors, and analysts may set overly optimistic targets due to business incentives [7][8] - A low standard deviation in price targets indicates a high degree of agreement among analysts regarding the stock's price movement, serving as a starting point for further research [9]