Benchmark Starts Rambus Inc. (RMBS) at Buy

April 11, 2014 7:11 AM EDT
Get Alerts RMBS Hot Sheet
Price: $13.35 --0%

Rating Summary:
    5 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 15 | Down: 17 | New: 10
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Benchmark initiates coverage on Rambus Inc. (NASDAQ: RMBS) with a Buy rating and a price target of $16.00.

Analyst Gary Mobley said, "Our investment thesis hinges on our belief Rambus will continue to forge deeper relationships with leading memory suppliers and system-on-chip companies. In essence, we believe Rambus will continue to shed its reputation as a patent troll and will increasingly engage with customers as a collaborative design, IP company, similar to ARM Holdings."

For an analyst ratings summary and ratings history on Rambus Inc. click here. For more ratings news on Rambus Inc. click here.

Shares of Rambus Inc. closed at $11.18 yesterday.

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