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.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
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