Rambus Initiates $100 Million Accelerated Share Repurchase Program

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Rambus Inc. (RMBS) buyback a 'strong vote of confidence' - Rosenblatt

August 11, 2023 9:55 AM EDT

Rosenblatt analyst Kevin Cassidy reiterated a Buy rating and $73.00 price target on Rambus Inc. (NASDAQ: RMBS) after the company announced a $100 million accelerated buyback.

The analyst commented, "We view Rambus' announcement today as a strong vote of confidence in the company's strategy... More