Impinj (PI) Sees $155 Target as Channel Reset Pressures Near-Term Outlook

We recently published an article titled 13 Best Internet of Things (IoT) Stocks to Buy Now. On February 6, UBS lowered its price target on Impinj, Inc. (NASDAQ:PI) to $155 from $190 while maintaining a Neutral rating. The firm cited first-quarter guidance that fell materially below consensus expectations, driven by extended channel inventory digestion and product obsolescence dynamics, particularly affecting large customers such as UPS. UBS noted that while estimates have reset lower, more durable catalys ...