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Analysts Conflicted on These Technology Names: IMPINJ (PI) and Garmin (GRMN)

Tipranks - Fri May 1, 6:36AM CDT

Analysts have been eager to weigh in on the Technology sector with new ratings on IMPINJ (PI) and Garmin (GRMN).

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IMPINJ (PI)

In a report released today, Scott Searle from Roth MKM maintained a Buy rating on IMPINJ, with a price target of $180.00. The company’s shares closed last Wednesday at $120.04.

According to TipRanks.com, Searle is a 5-star analyst with an average return of 16.0% and a 50.1% success rate. Searle covers the Technology sector, focusing on stocks such as Sequans Communications S A, Smith Micro Software, and Airship AI Holdings. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for IMPINJ with a $167.89 average price target, which is a 38.6% upside from current levels. In a report issued on April 20, Susquehanna also maintained a Buy rating on the stock with a $175.00 price target.

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Garmin (GRMN)

J.P. Morgan analyst Joseph Cardoso maintained a Hold rating on Garmin yesterday and set a price target of $285.00. The company’s shares closed last Wednesday at $253.08.

According to TipRanks.com, Cardoso is a 4-star analyst with an average return of 12.6% and a 69.0% success rate. Cardoso covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, TD SYNNEX Corporation, and Insight Enterprises. ;'>

Currently, the analyst consensus on Garmin is a Hold with an average price target of $256.00, implying a 5.8% upside from current levels. In a report released today, KeyBanc also maintained a Hold rating on the stock.

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