Apr. 28 at 8:18 PM
$RMBS Evercore ISI raised its price target on Rambus to
$172 from
$119 and maintained an ‘Outperform’ rating. The brokerage also raised its long-term earnings estimates, expecting EPS of
$5.76 in 2027 and
$9.06 in 2028.
Evercore sees the stock’s pullback as a buying opportunity and expects demand driven by Agentic AI in CPUs to support growth over the coming quarters.
Meanwhile, Jefferies raised its price target to
$145 from
$120 and maintained a ‘Buy’ rating, saying the pullback is a buying opportunity given the intact long-term outlook. Analyst Blayne Curtis described Q1 results as solid, adding that while the underlying demand remains strong, near-term growth could be limited by supply constraints.
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