Rambus price target raised to $90 from $80 at Rosenblatt

Rosenblatt raised the firm’s price target on Rambus (RMBS) to $90 from $80 and keeps a Buy rating on the shares. The company reported a strong quarter and remains an “under-the-radar” artificial intelligence opportunity, the analyst tells investors in a research note. As the AI inference market expands, the firm expects demand for high-performance DRAM and memory interfaces to accelerate further.