Impinj Stock Soars: The Hidden Tech Play Wall Street Can’t Ignore

Another week, another tech stock defying gravity—while crypto continues eating traditional finance's lunch.

The Quiet Rally That Speaks Volumes

Impinj shares climbed steadily throughout the trading week, catching both bears and shorts by surprise. The RFID specialist's momentum builds as supply chain digitization accelerates globally.

Behind the Numbers Game

While legacy investors chase single-digit returns, Impinj demonstrates how real tech innovation drives value—unlike the speculative frenzy plaguing less sophisticated markets. Their IoT connectivity solutions actually solve problems rather than just creating new ones.

Maybe traditional finance should take notes from the crypto playbook: real utility beats empty promises every time.

Impressed by the IoT star

The first of the two analyses evaluating Impinj -- which makes radio frequency identification (RFID) components, and was one of the companies responsible for the growth of the Internet of Things (IoT) industry -- was published on Monday. This was an update from Cantor Fitzgerald's Troy Jensen detailing a significant price target raise.

Image source: Getty Images.

Jensen lifted his fair value assessment on Impinj stock to $217 per share, well above his previous level of $158. It probably goes without saying that he's positive on the stock, as he maintained his overweight (read: buy) recommendation.

Bullish analyst note No. 2 came the following day from' Guy Hardwick, who initiated coverage of Impinj's shares. Like Jensen he believes the stock is a buy, and he set a price target of $200.

The takes from two bulls

According to reports, both analysts believe Impinj is very well positioned to benefit from the robust takeup of Internet of Things functionalities -- for which its technology is crucial. Jensen felt compelled to raise his full-year 2025 and 2026 estimates for both revenue and profitability. Hardwick believes Impinj's role in the broader IoT sphere will only become more prominent and essential.