BUZZ-Rambus jumps after William Blair initiates with 'outperform'

Reuters01-22
BUZZ-<a href="https://laohu8.com/S/RMBS">Rambus</a> jumps after William Blair initiates with 'outperform'

** Shares of semiconductor licenser Rambus Inc RMBS.O rise 6.7% to $134.33 premarket

** William Blair initiates RMBS with "outperform" rating, citing potential benefit from the rising prices and increased demand for memory chips used in servers and AI data centers

** Brokerage says it sees a path of sustained top-line growth in the high teens over the next two years for RMBS

** "While the increasing share of product revenues will pressure gross margins, we expect that operating leverage will more than offset these impacts" - brokerage

** Avg rating of 10 analysts covering RMBS is "buy" and their median PT is $120 - LSEG-compiled data

** In 2025, RMBS stock rose ~74% vs Philadelphia SE Semiconductor Index's .SOX ~42% gain

(Reporting by Jaspreet Singh in Bengaluru)

((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))

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