Analysts maintain a buy rating on RMBS with a $108.43 target as AI workloads boost memory interface demand.
Rambus shares, down 28% from their June peak of $143.29, remain up nearly 60% over the past year. The stock trades at $102.89, below its 52-week high of $174.10, with analysts projecting 5.38% upside to $108.43 over 12 months.
First-quarter FY26 revenue reached $180.19 million, an 8.12% year-over-year increase, while product revenue rose 15%. Non-GAAP EPS of $0.63 missed consensus by less than a cent. Full-year FY25 revenue grew 27.13% to $707.63 million, with operating cash flow at $360 million.
AI-driven demand for higher memory bandwidth in data centers supports long-term growth, though the stock faces near-term volatility after a sharp July pullback.