Rambus (RMBS) : Zacks Investment Research ranks Rambus (RMBS) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 4 research analysts is 1.5, which indicates as a Strong Buy.
Rambus (RMBS) : Average target price received by Rambus (RMBS) is $14.38 with an expected standard deviation of $1.49. The most aggressive target on the stock is $16, whereas the most downbeat target is $13. 4 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy. Also, Roth Capital initiates coverage on Rambus (NASDAQ:RMBS) The current rating of the shares is Buy. Equity Analysts at the Firm announces the price target to $16 per share. The rating by the firm was issued on September 1, 2016.
Rambus (NASDAQ:RMBS): stock was range-bound between the intraday low of $13.28 and the intraday high of $14.37 after having opened at $14.37 on Wednesdays session. The stock finally closed in the red at $14.37, a loss of -5.69%. The stock remained in the red for the whole trading day. The total traded volume was 2,869,117 shares. The stock failed to cross $14.37 in Wednesdays trading. The stocks closing price on Thursday was $14.42.
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.