Rosenblatt Reiterates Buy on Rambus, Maintains $85 Price Target
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Kevin Cassidy has reiterated a Buy rating on Rambus (NASDAQ:RMBS) and maintained the $85 price target for the company's stock.
December 28, 2023 | 5:38 pm
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POSITIVE IMPACT
Rosenblatt analyst Kevin Cassidy reaffirms a Buy rating on Rambus and keeps the price target at $85, indicating a positive outlook on the stock.
The reiteration of a Buy rating by a respected analyst, along with the maintenance of a high price target, typically instills confidence in investors and can lead to a positive short term impact on the stock price. The specific mention of Rambus and the reaffirmation of the price target suggest a strong conviction in the company's potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100