Rambus shares are trading higher after Jefferies upgraded the stock from Hold to Buy and raised its price target from $45 to $65.
Portfolio Pulse from Benzinga Newsdesk
Rambus shares are trading higher after Jefferies upgraded the stock from Hold to Buy and raised its price target from $45 to $65.
May 18, 2023 | 5:37 pm
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POSITIVE IMPACT
Jefferies upgraded Rambus stock from Hold to Buy and raised its price target from $45 to $65, resulting in higher trading.
The news of Jefferies upgrading Rambus stock from Hold to Buy and raising its price target from $45 to $65 is a positive signal for investors. This indicates that Jefferies believes the stock has potential for growth and is likely to perform well in the short term. As a result, the stock price is expected to rise, leading to a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100