Rambus price target raised to $130 from $90 at Rosenblatt

Rosenblatt raised the firm’s price target on Rambus (RMBS) to $130 from $90 and keeps a Buy rating on the shares. The firm believes investors are starting to appreciate Rambus’ “critical role” in DRAM and market leadership with the stock’s recent breakout. Rambus remains a pure-play leader in data center DRAM with a broad portfolio, the analyst tells investors in a research note. The firm believes recent data center deployment announcements indicate sustained demand for the company through 2026 and into 2027.