Topeka Capital Starts Rambus Inc. (RMBS) at Buy

Topeka Capital initiated coverage on Rambus Inc. (NASDAQ: RMBS) with a Buy rating and a price target of $10.00.

Analyst Suji De Silva said, "We believe recent execution improvement under new management will raise valuation to a level more appropriate for high-margin IP businesses (i.e., GM >90%, OM>30%). We also expect secular EPS growth, reflecting a broadening set of growth opportunities, improving licensing traction, and operating leverage with growth."

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 $8.03 yesterday.

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