Wells Fargo Maintains Overweight on Rambus, Raises Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Gary Mobley has maintained an Overweight rating on Rambus (NASDAQ:RMBS) and increased the price target from $80 to $85.
January 26, 2024 | 2:19 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Wells Fargo analyst Gary Mobley reaffirmed an Overweight rating on Rambus and raised the price target to $85, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals a bullish outlook on the stock, suggesting that the analyst expects the stock to perform well in the near term. This can often lead to increased investor confidence and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100