Rambus (RMBS) : The consensus on Rambus (RMBS) based on 4 analyst recommendation on the company stock is 1.5, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Rambus (RMBS) has been rated by 4 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $16 and the lowest price target forecast is $13. The average forecast of all the analysts is $14.38 and the expected standard deviation is $1.49.
Also, Roth Capital initiates coverage on Rambus (NASDAQ:RMBS) . The global brokerage major announces a current price target of $16 per share. Analysts at the Roth Capital have a current rating of Buy on the shares. The rating by the firm was issued on September 1, 2016.
Rambus (NASDAQ:RMBS): After opening at $12.77, the stock dipped to an intraday low of $12.77 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $13.09 and the buying power remained strong till the end. The stock closed at $12.93 for the day, a gain of 1.49% for the day session. The total traded volume was 641,804. The stocks close on the previous trading day was $12.74.
Rambus Inc. is a technology solutions company. The Companys technology portfolio addresses the evolving power, performance and security requirements of the mobile, cloud computing and connected device markets. It offers solutions in memory, chip interfaces and architectures, security and advanced light emitting diode (LED) lighting. The Company has four operational units: Memory and Interfaces Division (MID), which focuses on the design, development and licensing of technology that is related to memory and interfaces; Cryptography Research Division (CRD), which focuses on the design, development and licensing of technologies for chip and system security and anti-counterfeiting; Emerging Solutions Division (ESD), which includes the Companys computational sensing and imaging group along with its development efforts in the area of emerging technologies, and Lighting and Display Technologies (LDT), which focuses on the design, development and licensing of technologies for lighting.