Jefferies raised the firm’s price target on Rambus (RMBS) to $75 from $69 and keeps a Buy rating on the shares following a June quarter beat on stronger product and contract revenues. The companion chip story is starting to contribute more significantly with growth into Q3 split relatively evenly between DDR5 and new products, the analyst tells investors in a post-earnings note. The line of sight to outsized growth “still requires execution” on gaining companion chip share, but “everything remains on track,” the analyst added.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RMBS:
- Rambus price target raised to $90 from $80 at Rosenblatt
- Rambus price target raised to $81 from $71 at Evercore ISI
- Rambus price target raised to $75 from $70 at Susquehanna
- Rambus: A Promising Mid-Cap Growth Story with Strong Buy Rating Driven by DDR5 Market Share and Expanding Chipset Opportunities
- Rambus Reports Strong Q2 2025 Financial Results