PI Price Prediction Next Week
Technical Analysis: Based on the latest technical indicators, PI shows mixed signals with RSI at 32.19 indicating near oversold conditions. The stock is trading below both its 20-day SMA ($105.87) and 200-day SMA ($165.11), suggesting a bearish trend.
Price Target for Next Week: Using Fibonacci levels and current technical setup:
- Support levels: $91.42 (S1), $86.87 (S2)
- Resistance levels: $106.13 (R1), $110.67 (R2)
News Impact:
- Stock has plunged 21.3% over the past month
- Facing challenges from:
- Geopolitical tensions affecting China market (57.6% of revenues)
- Excess inventory among customers
- Competitive pressures from NXP and Zebra Technologies
Forecast for Next Week: Given the bearish technical setup and fundamental headwinds:
- Most likely scenario: Stock will test S1 support at $91.42
- Target price: $92-94 range
- Recommendation: SELL
Key factors supporting this forecast:
- Bearish trend confirmed by price below major moving averages
- Analysts expect 2025 revenue decline of 1.64%
- Earnings projected to decline 30.33% year-over-year
- Continued pressure from excess inventory and competitive environment
PI Similar Chart Price Prediction
The price of PI is predicted to go up -5.28%, based on the high correlation periods with ATRA. The similarity of these two price pattern on the periods is 98.57%.
PI
ATRA
Down: -5.28%Similarity: 98.57%
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PI Analyst's Forecast
Troy Jensen
Cantor Fitzgerald
Buy
2025-02-06
Price Target
$260 → $133
Upside
+23.42%
Cantor Fitzgerald lowered the firm's price target on Impinj to $133 from $260 and keeps an Overweight rating on the shares. Impinj's Q4 results were largely in line with expectations, though headwinds encountered at the end of Q4, resulted in higher inventory levels with Impinj's partners and are expected to spill into the first quarter of 2025, the analyst tells investors in a research note. While Cantor expects the stock price to fall sharply on the lower Q1 guidance, the firm views any pullback as an opportunity to acquire the shares.
James Ricchiuti
Needham
Strong Buy
2025-01-17
Price Target
$245 → $182
Upside
+37.94%
Mark Lipacis
Evercore ISI Group
Buy
2024-10-24
Price Target
$205 → $270
Upside
+40.47%
