Should you buy Impinj stock? October 2024
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Published first at https://www.3minutebreakdowns.com Impinj stock analysis. Ticker symbol: $PI This is one of the best stocks of the year. Tech company Impinj Inc. makes RFID microchips that help to digitize and connect everyday items. This technology is quickly being embraced across numerous industries and applications. Uniqlo uses RFID to manage inventory and provide contactless checkouts, Delta Airlines uses it to track luggage and TopGolf uses it to track the distance of golf drives. In 2022, retail giant Walmart started requiring all of its suppliers to use RFID tags and grocery looks to be the next big market to embrace the tech. Impinj is benefiting from this trend with shares climbing over 300% over the past 12 months taking the company’s market cap to 6.9 billion dollars. Revenue has improved 66% over the past three years and the company’s guidance anticipates another record year in 2025. #investing #stocks #rfid #impinj