Rambus price target raised to $70 from $66 at Susquehanna

Susquehanna analyst Mehdi Hosseini raised the firm’s price target on Rambus (RMBS) to $70 from $66 and keeps a Positive rating on the shares. The firm said they are incrementally encouraged with the “improved” prospects of EPS opportunity of $3 driven by diversification of DDR5 DIMM buffer chip portfolio, incremental contribution from companion chips, and higher IP content with HBM4 than HBM3/HBM3e.