Rambus Stock Rating Upgraded by Citigroup Inc. (RMBS)
Rambus (NASDAQ:RMBS) was upgraded by investment analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group downgraded shares of Rambus from a “buy” rating to a “hold” rating in a research note to investors on Monday, January 6th. Finally, analysts at Thomson Reuters/Verus downgraded shares of Rambus from a “buy” rating to a “hold” rating in a research note to investors on Monday, November 25th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Rambus presently has a consensus rating of “Buy” and a consensus target price of $11.80.
Shares of Rambus (NASDAQ:RMBS) traded up 6.15% during mid-day trading on Thursday, hitting $9.15. The stock had a trading volume of 2,085,167 shares. Rambus has a 1-year low of $5.05 and a 1-year high of $10.85. The stock’s 50-day moving average is $9.13 and its 200-day moving average is $9.05. The company’s market cap is $1.031 billion.
Rambus Inc (NASDAQ:RMBS) is a technology solutions company.
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