Blayne Curtis, an analyst from Jefferies, maintained the Buy rating on Rambus (RMBS – Research Report). The associated price target is $69.00.
Blayne Curtis has given his Buy rating due to a combination of factors that highlight Rambus’s strong market position and growth potential. The company has successfully navigated the DDR5 transition, which is now largely complete, and is poised to benefit from the next phase of growth driven by server ramps and increased adoption of companion chips. Despite some uncertainties in the market, Rambus’s ability to capture a significant share of the companion chip market is a positive indicator for future growth.
Additionally, Rambus reported strong financial performance, with March revenue exceeding expectations, driven by its leadership in DDR5 technology. Licensing billings and product revenue both showed positive trends, contributing to an overall optimistic outlook. The company’s guidance for June also suggests continued revenue growth, particularly from servers and companion chips, further supporting the Buy rating. Curtis’s analysis reflects confidence in Rambus’s strategic positioning and its potential to deliver value to shareholders.
In another report released today, Wells Fargo also maintained a Buy rating on the stock with a $73.00 price target.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RMBS in relation to earlier this year.