Rambus jumps after Baird ups price target on growth catalysts

Baird analyst Tristan Gerra raised the firm’s price target on Rambus (RMBS) to $120 from $90 and kept an Outperform rating on the shares. The firm sees “multiple product revenue growth catalysts” for Rambus the company’s second half of fiscal 2026. Registered dual in-line memory module growth is expected to accelerate to a high-teens in 2026 from mid-teens in 2025, which is incrementally positive for Rambus, the analyst told investors in a research note. Baird also believes the company’s competitive landscape is “very favorable.” The stock in early trading is up 12%, or $10.08, to $96.12.