Susquehanna analyst Mehdi Hosseini reiterated a Buy rating on Rambus (NASDAQ:RMBS) Inc on Friday, setting a price target of $30, which is approximately 26.74% above the present share price of $23.67.
Hosseini expects Rambus Inc to post earnings per share (EPS) of -$0.02 for the second quarter of 2021.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in Rambus, with an average price target of $26.5.
The analysts price targets range from a high of $30 to a low of $23.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $70.38 million and a net profit of -$3.15 million. The company's market cap is $2.66 billion.
According to TipRanks.com, Susquehanna analyst Mehdi Hosseini is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 13.4% and a 58.50% success rate.
Rambus, Inc. engages in the provision of cutting-edge semiconductor and Internet Protocol products, spanning memory and interfaces to security, smart sensors and lighting. It operates through the following segments: Memory and Interfaces Division (MID), Cryptography Research (CRD), Emerging Solutions Division (ESD), and Lighting and Display Technologies (LDT). The MID segment focuses on mobile memory, server-based memory, serial link designs and custom solutions. The CRD segment comprises of chip and system security, anti-counterfeiting, smart ticketing and mobile payments. The ESD segment includes computational sensing and imaging group in the area of emerging technologies. The LDT segment covers the design, development, and licensing of technologies for lighting. The company was founded by P. Michael Farmwald and Mark A. Horowitz in March 1990 and is headquartered in Sunnyvale, CA.