Impinj (PI) Is Up 17.1% After Walmart Taps RFID Tech for Food Supply Chain Overhaul

In October 2025, Avery Dennison announced a major collaboration with Walmart to deploy RFID tagging for food products, expected to expand RFID adoption across grocery supply chains.
This initiative places Impinj in a pivotal position as a key technology provider, potentially accelerating the shift toward item-level traceability in the food industry.
We’ll explore how Walmart’s RFID rollout could materially alter Impinj’s investment narrative and growth outlook within food supply chains.

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Impinj Investment Narrative Recap

To be an Impinj shareholder today is to believe that RFID adoption in food supply chains will ramp significantly, fueled by large-scale rollouts such as Walmart’s recent partnership with Avery Dennison. The Walmart initiative underscores the potential for food traceability to become a major growth driver, but it also spotlights the persistent risk of customer concentration, any delays, changes, or reduced momentum from key customers could materially impact near-term performance.

Among recent announcements, the appointment of Arthur L. Valdez Jr. to Impinj’s board stands out. Bringing decades of global supply chain expertise, Valdez’s addition comes as the company faces its most critical opportunity yet: building on food sector wins to diversify revenue streams and broaden its customer base, which could help counterbalance risks associated with relying too heavily on a handful of large partners.

By contrast, there’s one customer concentration issue investors should not ignore if demand from top accounts slows or shifts…

Read the full narrative on Impinj (it’s free!)

Impinj’s narrative projects $630.4 million revenue and $91.2 million earnings by 2028. This requires 20.6% yearly revenue growth and a $90.6 million increase in earnings from $0.633 million currently.

Uncover how Impinj’s forecasts yield a $186.00 fair value, a 21% downside to its current price.

Exploring Other Perspectives

Simply Wall St Community fair value estimates for Impinj range from US$80.97 to US$186, reflecting just two distinct views on potential upside or downside. With large retailers driving multi-year RFID expansion plans, your outlook on customer concentration risk may shape whether you join those backing these forecasts.

Explore 2 other fair value estimates on Impinj – why the stock might be worth as much as $186.00!

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This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.