In a report released yesterday, Mehdi Hosseini from Susquehanna reiterated a Buy rating on Rambus (RMBS – Research Report), with a price target of $33.00. The company’s shares closed last Monday at $25.26.
According to TipRanks.com, Hosseini is a 5-star analyst with an average return of 11.3% and a 55.6% success rate. Hosseini covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and Super Micro Computer.
Currently, the analyst consensus on Rambus is a Strong Buy with an average price target of $32.50.
Rambus’ market cap is currently $2.79B and has a P/E ratio of -60.22.
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Rambus, Inc. engages in the provision of cutting-edge semiconductor and Internet Protocol products, spanning memory and interfaces to security, smart sensors and lighting. It operates through the following segments: Memory and Interfaces Division (MID), Cryptography Research (CRD), Emerging Solutions Division (ESD), and Lighting and Display Technologies (LDT). The MID segment focuses on mobile memory, server-based memory, serial link designs and custom solutions. The CRD segment comprises of chip and system security, anti-counterfeiting, smart ticketing and mobile payments. The ESD segment includes computational sensing and imaging group in the area of emerging technologies. The LDT segment covers the design, development, and licensing of technologies for lighting. The company was founded by P. Michael Farmwald and Mark A. Horowitz in March 1990 and is headquartered in Sunnyvale, CA.
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