Rambus (RMBS): Raising PT To $14 - Jefferies

Jefferies analyst, Mark Lipacis, reiterated his Hold rating on shares of Rambus Inc. (NASDAQ: RMBS) but raised his price target to $14 after the results and outlook were above consensus with strength in Security offsetting seasonality in Memory.

The company's CryptoManager platforms continue to gain ecosystem traction, an investment positive. However, a push-out in the ramp of buffer chips partially offsets this, leaving the analyst's opinion at Hold. However, he states he could become more constructive if visibility improves into its in-field provisioning model.

The new PT of $14 is up from $13.50.

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 $12.64 yesterday.

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