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How Does IMPINJ Inc (PI) Stock Rank on Wall Street Thursday?

Thursday, October 28, 2021 09:57 AM | InvestorsObserver Analysts
How Does IMPINJ Inc (PI) Stock Rank on Wall Street Thursday?

Analysts who follow IMPINJ Inc (PI) on average expect it to climb 14.66% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy. That average rating earns PI an Analyst Ranking of 64, which means it ranks higher than 64 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 4.7
Wall Street analysts are rating PI a Strong Buy today. Find out what this means to you and get the rest of the rankings on PI!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions **before** a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With IMPINJ Inc Stock Today?

IMPINJ Inc (PI) stock is trading at $62.97 as of 9:49 AM on Thursday, Oct 28, a rise of $7.04, or 12.59% from the previous closing price of $55.93. The stock has traded between $59.50 and $64.23 so far today. Volume today is low. So far 16,336 shares have traded compared to average volume of 191,237 shares. Click Here to get the full Stock Report for IMPINJ Inc stock.

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