Rambus price target raised to $114 from $81 at Evercore ISI

Evercore ISI raised the firm’s price target on Rambus (RMBS) to $114 from $81 and keeps an Outperform rating on the shares. The stock has surged 29% since early September, highlighting investor confidence in its growth trajectory, driven by bullish memory market signals and strategic IP positioning for AI inferencing, the analyst tells investors. The firm’s raised target is “justified” by Rambus’ strong revenue and EPS growth projections as well as “robust free cash flow,” the analyst contends.