Analysts set a 12-month price target for RMBS at $113.17 following 20% year-over-year revenue growth and a hyperscaler HBM design win.
Rambus (RMBS) received a buy rating with a $113.17 price target after reporting record Q2 revenue of $207.4 million, a 20% year-over-year increase. Non-GAAP EPS reached $0.77, while product revenue hit $99.2 million, driven by AI and data center demand.
Shares have fluctuated between $67.15 and $174.10 over the past year but closed at $99.33 on August 13, down 28% from the June peak of $143.29. Q3 guidance projects revenue of $210 to $216 million and non-GAAP EPS of $0.75 to $0.82, reflecting continued growth.
Bears highlight a 69% inventory increase to $75 million and net insider selling, capping downside near $97. Analysts remain bullish, citing the company’s memory interface leadership and AI infrastructure tailwinds.