
Rambus (RMBS) Stock Forecast & Price Target
Rambus (RMBS) Analyst Ratings
Bulls say
Rambus Inc. has demonstrated strong financial performance, with product revenue rising 11% sequentially and 30% year-over-year to $73.4 million, driven primarily by robust demand for DDR5 technology. The company also reported a record high in cash from operations, amounting to $231 million in FY24, which is an increase from $196 million in FY23, indicating improved operational efficiency. Overall, Rambus is expected to maintain momentum, with management projecting significant growth in product revenue for the upcoming quarters, particularly as DDR5 adoption scales, highlighting a positive outlook for the company's financial trajectory.
Bears say
Rambus reported a slight revenue miss of approximately $1 million for the third quarter of fiscal year 2024, with operational revenue of $146.8 million falling below both management's guidance midpoint and consensus estimates. Moreover, the ongoing decline in demand for DDR4 products, despite a potential uptick in DDR5 demand due to lower inventory levels, raises concerns about the company's overall growth prospects. Additionally, the anticipated revenue ranges for Q4 and Q1 are only marginally aligned with consensus estimates, suggesting a lack of confidence in achieving stronger financial performance in the near term.
This aggregate rating is based on analysts' research of Rambus and is not a guaranteed prediction by Public.com or investment advice.
Rambus (RMBS) Analyst Forecast & Price Prediction
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