Why Rambus Rallied Today
Shares of (NASDAQ: RMBS) rallied 11.3% on Tuesday as of 12:36 p.m. ET.
Positive news on Rambus came from last night's third-quarter earnings report, in which Rambus' bottom line handily surpassed expectations. Management also gave a positive outlook on the current quarter.
Rambus makes revenue in three ways: memory interface chips, which protect and control the flow of data between the memory chip and CPU or GPU in a server; royalty revenue, in which Rambus licenses its patents to other chipmakers; and contract and other, which licenses its physical chip cores, along with service and maintenance fees.
Source Fool.com
Rambus Inc. Stock
€83.08
-3.400%
With 21 Buy predictions and not a single Sell prediction Rambus Inc. is an absolute favorite of our community.
As a result the target price of 109 € shows a positive potential of 31.2% compared to the current price of 83.08 € for Rambus Inc..
