Why Rambus Stock Sank Today
(NASDAQ: RMBS) stock lost ground in Tuesday's trading on the heels of a mostly solid quarterly report. The company's share price fell 8.7% in a daily session that saw the S 500 (SNPINDEX: ^GSPC) rise 0.2% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) jump 0.8%.
Rambus published its third-quarter results after the market closed yesterday, posting earnings that were in line with Wall Street's target and sales that beat expectations. Despite the sales beat, some investors appear to have been hoping for stronger earnings and forward guidance.
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Source Fool.com
Rambus Inc. Stock
€84.24
-1.330%
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 29.39% compared to the current price of 84.24 € for Rambus Inc..
