11 Best Guru Stocks to Buy According to Wall Street Analysts

6. Impinj, Inc. (NASDAQ:PI)

Number of Hedge Fund Holders: 37

Average Upside Potential: 109.79%

Impinj, Inc. (NASDAQ:PI) offers a cloud connectivity platform worldwide. It connects everyday items, like clothes, car parts, and packages, to the internet using RAIN RFID technology. This allows businesses and consumers to access real-time information about these items, helping them improve efficiency, make smarter decisions, and unlock new possibilities through the Internet of Things. PI is one of the best Guru stocks to monitor.

On March 19, Piper Sandler reaffirmed an Overweight rating on Impinj, Inc. (NASDAQ:PI) with a price target of $140. Analysts remain confident in the company’s growth potential despite a short-term slowdown tied to one logistics customer. Management is optimistic, especially about RFID opportunities in the grocery sector. With strong margins and steady revenue growth, the company is seen as well-positioned to expand.

In 2024, Impinj, Inc. (NASDAQ:PI) resolved a patent dispute and rolled out some new products. The company brought in $91.6 million in revenue and maintained a 50.5% GAAP gross margin and 53.1% on a non-GAAP basis during Q4 2024. Although it reported a GAAP net loss of $2.7 million, non-GAAP numbers told a more positive story with $14.5 million in net income and $15 million in adjusted EBITDA.

According to Insider Monkey’s fourth quarter database, 37 hedge funds were bullish on Impinj, Inc. (NASDAQ:PI), compared to 22 funds in the preceding quarter. Daniel Patrick Gibson’s Sylebra Capital Management was the leading stakeholder of the company, with 2.12 million shares valued at $309.2 million.