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.
Rambus (RMBS) : 3 investment research analysts covering Rambus (RMBS) have an average price target of $13.83 for the near short term. The highest target price given by the Brokerage Firm to the stock is $15 and the lowest target is $13 for the short term. Analysts expect the variance to be within $1.26 of the average price.
Shares of Rambus Inc. rose by 1.7% in the last five trading days and 0.44% for the last 4 weeks. Rambus Inc. is up 14.17% in the last 3-month period. Year-to-Date the stock performance stands at 18.9%. Rambus (NASDAQ:RMBS): On Tuesdays trading session , Opening price of the stock was $14 with an intraday high of $14.08. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $13.75. However, the stock managed to close at $13.78, a loss of 1.08% for the day. On the previous day, the stock had closed at $13.93. The total traded volume of the day was 583,781 shares.
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.