Why Impinj Stock Is Popping Today

Shares of Impinj, Inc. (NASDAQ: PI) spiked today after Goldman Sachs analyst Toshiya Hari initiated coverage of the stock with a buy rating. 

The tech stock jumped by as much as 17.3% today and was up by 14.3% at 2:17 p.m. EST. 

Hari set the company's price target at $46 per share and said in an investor note that Impinj is at the "precipice of a significant untapped market" in the radio-frequency identification (RFID) space.

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Source Fool.com