Rambus Inc. [RMBS] Stock Forecast

RMBS has generated a 20.69% alpha against the S&P since April 2023. We expect it to continue to outperform for the following year. The firm printed strong Q3 earnings which is positive for the future. The transition to DDR5 and tight inventories in other memory parts are expected to drive price increases and revenue growth for RMBS.

Companies that underpromise and over-deliver are a joy for shareholders and analysts alike. Like underdogs, these mighty yet soft-spoken companies surprise with actions, not words.

Rambus is capitalizing on computing megatrends but still faces the risk of disruption and rising competition. The company is effectively positioned to leverage the aggressive increase in demand for data center computing and remains in pole position with its product portfolio. Wall Street and Alpha Spread's relative valuations, although more optimistic than my own, echo my 'buy' rating.

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Rambus announced better-than-expected third-quarter results, with revenue and earnings well above previous guidance. Management credited strong execution and the rise of AI and other advanced workloads.

Rambus Inc. (NASDAQ:RMBS ) Q3 2023 Earnings Conference Call October 30, 2023 5:00 PM ET Company Participants Desmond Lynch - Senior Vice President & Chief Financial Officer Luc Seraphin - President & Chief Executive Officer Conference Call Participants Gary Mobley - Wells Fargo Securities Mehdi Hosseini - SIG Kevin Cassidy - Rosenblatt Securities Nam Kim - Arete Research Sidney Ho - Deutsche Bank Operator Welcome to the Rambus Third Quarter Fiscal Year 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded.

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Rambus (RMBS) closed the most recent trading day at $58.97, moving +0.14% from the previous trading session.

In the most recent trading session, Rambus (RMBS) closed at $60.87, indicating a +0.03% shift from the previous trading day.

SAN JOSE, Calif.--(BUSINESS WIRE)--Rambus Inc. (Nasdaq: RMBS), a premier chip and silicon IP provider making data faster and safer, today announced that it will hold a conference call on October 30, 2023, at 2:00 p.m. Pacific Time to discuss its third quarter fiscal year 2023 results. This call will be webcast and can be accessed via Rambus' website at investor.rambus.com. A replay will be available following the call on the Rambus Investor Relations website or for one week at the following num.

Rambus Inc. is a US stock , located in San jose of Ca and trading under the symbol RMBS

4 stock analysts have 4 predictions with a medium analyst target price of $51.25. The lowest prediction is $32 and the highest is $75

Rambus Inc. stock price is $65.52 today.

Yes, Rambus Inc. is a publicly traded company.