Rambus (RMBS)

[eastunder]

Rambus PT Raised to $17.00 at Topeka Capital Markets (RMBS)

Posted by Zach Kirkland on Jun 16th, 2014 // No Comments


(and WE HAVE THIS UPGRADE. lol)

(and WE ARE VERY BULLISH HERE: http://www.stockta.com/cgi-bin/analysis.pl?symb=rmbs&num1=1&cobrand=&mode=stock)




Rambus Inc. logoTopeka Capital Markets lifted their target price on shares of Rambus (NASDAQ:RMBS) from $15.00 to $17.00 in a research note issued on Thursday. The firm currently has a “buy” rating on the stock. Topeka Capital Markets’ target price indicates a potential upside of 24.63% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group raised their price target on shares of Rambus from $13.00 to $14.00 in a research note on Thursday. They now have a “hold” rating on the stock. Separately, analysts at Zacks downgraded shares of Rambus from an “outperform” rating to a “neutral” rating in a research note on Friday, May 23rd. They now have a $13.40 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Rambus in a research note on Tuesday, April 22nd. They now have a $13.50 price target on the stock. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $15.23.

Rambus (NASDAQ:RMBS) opened at 13.64 on Thursday. Rambus has a 52-week low of $7.95 and a 52-week high of $14.11. The stock’s 50-day moving average is $12.02 and its 200-day moving average is $10.2. The company’s market cap is $1.551 billion.

Rambus (NASDAQ:RMBS) last announced its earnings results on Monday, April 21st. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.14. The company had revenue of $78.29 million for the quarter, compared to the consensus estimate of $72.48 million. During the same quarter in the previous year, the company posted ($0.09) earnings per share. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. Analysts expect that Rambus will post $0.29 EPS for the current fiscal year.