Rambus (RMBS) Receives Price Target

Rambus (RMBS) : The highest level Rambus (RMBS) is projected to reach is $15 for the short term and the lowest estimate is at $13. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $13.83 and the possibility the share price can swing is $1.26.

Rambus (RMBS) : 3 analysts are covering Rambus (RMBS) and their average rating on the stock is 1.67, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Brokerage firm Citigroup maintains its rating on Rambus (NASDAQ:RMBS). As per the latest information, the brokerage house raises the price target to $15 per share from a prior target of $14. The shares have been rated Buy. The rating by the firm was issued on July 20, 2016.

Rambus (NASDAQ:RMBS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.97 and $13.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.40, notching a gain of 4.20% for the day. The total traded volume was 2,333,393 . The stock had closed at $13.82 on the previous day.

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.

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