Pi stock forecast: The price over the next 12 months will range from $45.00 to $120.00, with an average projected price of $89.67. The price was $80.42 as of January 5, 2024. Because of their optimism about PI’s potential to capitalize on RFID’s growing number of applications in retail, analysts have unanimously recommended purchasing the stock. It is important to conduct your own research before making any investing decisions, so please keep that in mind. This is not financial advice.
Pi stock forecast 2025
| Year | Prediction |
| 2025 | $127 |
| 2026 | $167 |
| 2027 | $220 |
| 2028 | $289 |
| 2029 | $380 |
| 2030 | $501 |
Impinj Inc. (NASDAQ:PI) is a provider of RAIN RFID systems; the average 12-month price objective for the business is $89.67, with a range of $45.00 to $120.00. However, a few sources have made long-term predictions for PI stock using a variety of assumptions and scenarios. As an example, according to one source, PI stock is expected to average out to $197.71 in 2025, with a range of $228.56 to $166.87.
If you believe another source, you should expect PI stock to start the year 2025 at $4597.73, move up to $4366.1 in the middle of the year, and finish the year at $4366.1. The problem is that these forecasts are based on conjecture rather than hard evidence; therefore, they can’t be trusted. When endorsing or critiquing PI stock, certain sources might be biased or have hidden agendas.
Pi stock Meaning
Depending on the setting, “pi stock” might signify a variety of things. A few interpretations are as follows:
The Pi Network software is supposedly going to let users mine PI coins on their phones. This cryptocurrency project is called Pi Network (PI). Having said that, you won’t be able to buy or sell PI coins anywhere just yet, and they’re worthless.
An attractiveness metric for projects and investments is the profitability index (PI). The project’s PI is determined by dividing the sum of future cash flows by the original investment.
There is no longer any need for physical inventory inspections thanks to the Perpetual Inventory (PI) system of accounting, which uses computerized point-of-sale systems to continuously record inventory changes in real time.
How has PI performed in the past year?
From $48.39 on January 19, 2023, to $80.42 on January 5, 2024, the stock price of Impinj Inc. (PI) has climbed by 66.67% in the last year. On the other hand, the stock has been somewhat volatile, with a 52-week high of $144.90 on September 13, 2023, and a 52-week low of $48.39 on January 19, 2023. After posting a net loss of $2.21 million in the same quarter of 2022, the company’s third-quarter 2023 loss of $15.76 million was far worse. The decline in gross margins and increase in operational expenses were the reasons the business reported a loss.
Despite the setback, the business was able to outperform analysts’ $62.8 million revenue forecasts thanks to a 35.48% year-over-year growth to $65 million. In light of the high demand for its RFID solutions, the company has also increased its revenue projection for the fourth quarter of 2023 to $68–$72 million. A consensus Strong Buy recommendation and an average price target of $89.67 for the next 12 months indicate that analysts are optimistic about the company’s prospects. Their hope is that the business will reap the rewards of RFID’s growing number of applications in retail, particularly in areas like customer interaction, loss prevention, and inventory management.
What are the risks of investing in PI?
Before deciding to invest in Impinj Inc. (PI), a provider of RAIN RFID technologies, you should be informed of the hazards involved. Potential dangers include:
The long-term worth of your investment in PI stock is difficult to forecast due to the stock’s volatility, which causes its price to change quickly and unexpectedly. The fact that PI is not listed on any major exchanges just adds to the difficulty of buying and selling it.
Since PI is still a new cryptocurrency, not many people know about it yet. As a result, there could not be enough people buying and selling it to keep prices stable. Because of this, you may have trouble selling your PI coins at the time you need to or want to.
From a regulatory and legal standpoint, PI is a coin that relies on decentralized and unregulated blockchain technology. As a result, your investment can be unprotected and unguaranteed. Changes in regional or national legislation may also have an impact on the value and application of PI.
Safety: PI is a digital currency that can be stolen or hacked if kept in a digital wallet. Theft or loss of control of your PI coins could happen if your wallet is hacked. The safety of your wallet and the backup of your private keys are entirely up to you.
There are other hazards associated with investing in PI, but these are among the more common ones. Prior to investing in cryptocurrency, make sure you understand the market and its potential risks. Never put more money at risk than you can afford to lose.
How can I buy PI coins?
The Pi Network is the foundation of the PI Coin cryptocurrency, which users can earn by mining the coins on their mobile devices. But there isn’t a live blockchain for PI coins just yet, and you can’t buy them on any big exchange or store. Consequently, neither fiat money nor other cryptocurrencies may be used to directly purchase PI coins. Joining the Pi Network app and mining PI coins on your phone is the only way to earn them.
It is not advised to use the unapproved methods of buying and selling PI coins because of the risks involved. Some users, known as “Pi Whales,” who were early adopters and miners of the cryptocurrency, may offer to privately trade their PI coins with other users. There is no assurance that either party will actually pay the agreed-upon amount or that the vendor will actually deliver the PI coins; the whole process depends on reputation and trust. After all, PI coins can’t be valued or owned until they’re issued on a live blockchain and exchanged.
So, signing up for the Pi Network software and mining your own PI coins is the most secure and dependable way to acquire them. Sign up with your phone number or Facebook account after downloading the app for iOS or Android. Before you can begin mining PI money, you must log in daily and verify your human status by tapping a button. Inviting other users to download the app is another way to boost your mining rate.
Is PI coin a good investment?
The Pi Network is an initiative that intends to enable anybody with a mobile phone to mine cryptocurrencies; its native asset is the PI coin. Nevertheless, PI currency lacks a functioning blockchain and is currently unavailable on all major exchanges and wallets. Hence, at this point in time, it is not feasible to assess the worth or potential of the PI coin.
The value of the PI coin has been forecast by some online sources using a variety of assumptions and potential outcomes. The problem is that these forecasts are based on conjecture rather than hard evidence; therefore, they can’t be trusted. In addition, whether endorsing or decrying PI currency, certain sources might be biased or have hidden agendas.
Consequently, putting your money into PI currency is a huge gamble full of unknowns. Prior to purchasing a PI coin, you should know that it carries the following risks:
The long-term worth of your investment in PI coin is difficult to forecast due to the volatility of its price, which can change quickly and unexpectedly.
Due to the PI coin’s novelty and lack of familiarity with the market, there may not be enough participants to maintain a stable price. This is related to liquidity concerns. Because of this, you may have trouble selling your PI coins at the time you need to or want to.
Legal and Regulatory Considerations: The PI coin is based on the blockchain, a decentralized and uncontrolled technology, making it a cryptocurrency. As a result, your investment can be unprotected and unguaranteed. Furthermore, the PI coin’s use and value could be impacted by changes in regional or national rules.
The security of the PI coin is at risk because it is a digital currency, and digital wallets are susceptible to theft and hacking. Theft or loss of control of your PI coins could happen if your wallet is hacked. The safety of your wallet and the backup of your private keys are entirely up to you.
Who created PI coin?
The Pi Network is an initiative that intends to enable anybody with a mobile phone to mine cryptocurrencies; its native asset is the PI coin. The project website states that a group of Stanford graduates with expertise in social computing and blockchain developed PI currency. Here are the founders:
- The Head of Technology, Dr. Nicolas Kokkalis
- Chief Product Officer, Dr. Chengdiao Fan
- Community Leader Vincent McPhillip
Since its March 2019 introduction, the Pi Network app has gained over 30 million users across the globe. Since everyone can mine PI coin using their phone without consuming data or battery, they assert that it is the most distributed cryptocurrency in the world. Nevertheless, PI currency lacks a functioning blockchain and is currently unavailable on all major exchanges and wallets. Hence, its worth and potential for growth are highly subjective and open to interpretation.
Who are the competitors of Pi Network?
Anyone with a mobile phone will be able to mine cryptocurrencies with the help of the Pi Network initiative. But it’s far from the only one of its kind. Other than Pi Network, there are a plethora of other options:
Core Scientific is a software and infrastructure supplier that specializes in artificial intelligence and blockchain technology. Solutions for managing fleets, digital asset mining, and blockchain applications are all part of its repertoire.
Spacemesh is a bitcoin mining hardware solution that makes use of commonplace digital storage media like SSDs and magnetic disks. Powerful mining CPUs and GPUs won’t be able to defeat it, so the claim goes.
DMG Blockchain is a platform for mining cryptocurrencies and blockchain technology that offers blockchain-based systems for the supply chain, internet of things (IoT), and payment industries. It provides blockchain analytics and forensics solutions in addition to hosting services for cryptocurrency mining.
Using a remote data center’s shared processing capacity, BitFuFu is able to mine cryptocurrency through its cloud mining platform. Bitcoin and Ethereum are among the supported currencies.
Genesis Digital Assets provides a service that aids people in earning money by mining bitcoin. They have in-house management and support staff, as well as hosting options for miners.
What is the Pi Network app?
Pi is a new cryptocurrency that intends to rival Bitcoin. You can mine Pi using the Pi Network app. Pi Network is an open-source cryptocurrency that doesn’t require any special hardware to mine; all you need is a smartphone. The software is more than just a way to buy and sell Pi; it’s also a wallet and a gateway to the Pi community. The app boasts about its low power consumption and eco-friendliness. But there is currently no value in Pi coins, and you can’t buy them on any major wallet or exchange. As a result, putting your money into Pi coins is a huge gamble.