Why Impinj (PI) Stock Is Trading Lower Today

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Shares of RFID manufacturer Impinj (NASDAQ:PI) dropped 22.1% after the company issued a weak financial outlook for Q1 2026, projecting lower revenue than the previous quarter and a year-over-year decrease. This guidance, attributed to inventory reductions and project delays, overshadowed strong Q4 results. In response, Evercore ISI downgraded the stock and significantly cut its price target, citing higher volatility and slower near-term growth.

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