Impinj (PI) Stock Forecast & Price Target

Impinj Inc reported a 1% year-over-year revenue increase to $92.8 million for the fourth quarter, aligning with guidance and demonstrating resilience despite short-term market challenges. The company's solid order book, particularly a notable over 50% year-over-year increase in turn orders for January, indicates strong demand and stabilization in order rescheduling behaviors, which fuels confidence in future growth. With expectations of robust growth in key sectors such as retail, logistics, and manufacturing anticipated to commence in 2026, Impinj is positioned for enhanced profitability as it matures its business model.

Impinj Inc provided a disappointing Q1 outlook, primarily due to a significant transition by a major North American logistics customer, which is resulting in reduced supplier allocations and inventory burn-down leading to a projected high-teens decline in Endpoint IC revenue. The company anticipates a decrease in Systems revenue exceeding seasonal averages, alongside a decline in gross margins due to annual price reductions and lower revenue impacting fixed costs. Additionally, the revised revenue estimate for 2026 has been decreased to $367.8 million, with an adjustment to the EPS estimate dropping to $1.72, which stands in stark contrast to prior expectations, further contributing to a negative sentiment surrounding the stock.