Rambus Inc (NASDAQ: RMBS) stock enjoyed a major increase of 10.8% on 9/26/24. The shares closed at $42.47. Moreover, unusually high trading volume at 197% of normal accompanied the advance. The stock has been extremely weak relative to the market over the last nine months but has risen 10.9% during the last week.
Current PriceTarget Research Rating
RMBS is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Rambus has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Rambus has a slightly negative Appreciation Score of 31 and a very low Power Rating of 11, with the Lowest Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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