Susquehanna downgrades Rambus to Neutral with ‘best-case’ priced in

As previously reported, Susquehanna analyst Mehdi Hosseini downgraded Rambus (RMBS) to Neutral from Positive with a price target of $100, up from $75. The firm is raising near-term estimates to reflect better Server build trends into 2026 and estimates a “best-case EPS scenario” of $4 by 2027. However, with a best-case EPS outlook of $4 combined with 25-times peak EPS multiple implying a price target near the current share price, the firm sees the best-case as priced in and the current share price reflecting “a balanced risk/reward profile,” the analyst tells investors.