Rambus: The Future Seems Very Bright (Rating Upgrade)

Jun. 27, 2024 1:07 PM ETRambus Inc. (RMBS) Stock8 Comments1 Like
Gytis Zizys profile picture
Gytis Zizys
2.64K Followers
(8min)

Summary

  • Rambus has been hovering around my price point for a while now. A revisit to the financials is in order.
  • Strong financial position and ever-growing demand for AI-capable products are going to drive acceleration to the top line.
  • Therefore, I'm upgrading to buy, as I'm impressed with the progress and outlook of the company.

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Introduction

I wanted to revisit Rambus Inc (NASDAQ:RMBS) as it hit my price alert a couple of times since the first time I covered the company back in February. It was very unexpected that the shares retreated so quickly, but I'm

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About RMBS Stock

SymbolLast Price% Chg
RMBS
38.34-0.83%
Post39.633.36%
Created with Highcharts 11.2.0Sep​'24Aug​'24Jul '24Jun​'24May​'24Apr​'24255075
Market Cap
$4.16B
PE (FWD)
19.53
Yield
-
Rev Growth (YoY)
1.99%
Short Interest
3.15%
Prev. Close
$38.66
Compare to Peers

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