Should I Buy PI? PI 2026 Analysis

Should You Buy Impinj Inc (PI) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Hold

Latest Price

147.800

1 Day change

-8.52%

52 Week Range

247.060

Analysis Updated At

2026/01/26

Impinj Inc (PI) is not a strong buy at the moment for a beginner investor with a long-term focus and $50,000-$100,000 available for investment. While the company has long-term potential in the RAIN RFID market, its near-term revenue visibility is uncertain, and recent financial performance shows significant declines in net income and EPS. Additionally, technical indicators and trading signals do not suggest an immediate buying opportunity. A hold position is recommended until clearer growth trends or stronger signals emerge.

Technical Analysis

The MACD histogram is negative and expanding (-4.219), indicating bearish momentum. RSI is neutral at 34.056, and moving averages are converging, showing no clear trend. The stock is trading near its S1 support level of 156.614, with resistance levels at 181.12 and 205.625. Overall, the technical indicators suggest a cautious approach.

Options Data

Bullish

Open Interest Put-Call Ratio

Bearish

Option Volume Put-Call Ratio

Technical Summary

Sell

Buy

Positive Catalysts

Hedge funds are significantly increasing their positions in the stock, with a 4565.15% increase in buying over the last quarter. Analysts have raised price targets recently, with some highlighting long-term growth opportunities in the food vertical and e-commerce. The stock has a 70% chance of gaining 11.89% in the next month based on historical patterns.

Neutral/Negative Catalysts

The company's Q3 financials show a sharp decline in net income (-5896.38% YoY) and EPS (-4500% YoY), raising concerns about profitability. Analysts have expressed concerns about near-term revenue visibility and challenges in the retail sector due to tariffs and inflation. The MACD and RSI indicate bearish momentum, and there are no significant insider or congressional trading trends to support a buy decision.

Financial Performance

In Q3 2025, revenue increased marginally by 0.90% YoY to $96.05M. However, net income dropped significantly to -$12.81M (-5896.38% YoY), and EPS fell to -0.44 (-4500% YoY). Gross margin improved slightly to 49.75% (+0.63% YoY), but overall profitability remains a concern.

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Analysts have mixed views on Impinj. UBS initiated coverage with a Neutral rating and a $200 price target, citing concerns about near-term revenue visibility. Barclays, Needham, Roth Capital, and Susquehanna raised price targets (ranging from $211 to $255) and maintain positive ratings, highlighting long-term growth opportunities but acknowledging near-term challenges. The overall sentiment is cautiously optimistic but not strongly bullish in the short term.

8 Analyst Rating

Wall Street analysts forecast PI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PI is 240.5 USD with a low forecast of 200 USD and a high forecast of 273 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

7 Buy

1 Hold

0 Sell

Strong Buy

Current: 161.560

Low

200

Averages

240.5

High

273

Current: 161.560

Low

200

Averages

240.5

High

273

UBS

Neutral

downgrade

$200 -> $190

AI Analysis

2026-01-26

New

Reason

UBS

Price Target

$200 -> $190

AI Analysis

2026-01-26

New

downgrade

Neutral

Reason

UBS lowered the firm's price target on Impinj to $190 from $200 and keeps a Neutral rating on the shares.

UBS

Neutral

initiated

$200

2025-11-07

Reason

UBS

Price Target

$200

2025-11-07

initiated

Neutral

Reason

UBS initiated coverage of Impinj (PI) with a Neutral rating and $200 price target. Impinj is a leading player in a vast RAIN RFID tag chip market, but UBS is concerned on near-term revenue visibility, the analyst tells investors in a research note. The set-up through 2026 looks challenged given moderating tailwinds from mature programs, retail uncertainty from tariffs/inflation, and unpredictable ramps at Walmart (WMT) and Kroger (KR), the firm says.

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PI Should I Buy

PI Should I Buy

Should You Buy Impinj Inc (PI) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

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