Rambus Shares Plunge 33% Despite Earnings Beat, 24/7 Wall St. Sets $116 Target

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โดย 24/7 Wall St.·Read original
Summary · why it matters

Rambus shares have fallen 33% over the past month to $82.81, even after the company reported second-quarter results that exceeded every estimate. 24/7 Wall St. has issued a year-end 2026 price target of $116.28, implying 40.42% upside with a buy recommendation and 90% confidence. The sell-off followed a quarter in which revenue grew 20.43% year over year to $207.38 million and non-GAAP earnings per share of $0.77 beat consensus, yet the stock dropped nearly 9% the next day. Rambus now trades at a forward price-to-earnings multiple of 24, roughly half that of Marvell Technology at 47 and well below Credo Technology at 35, despite delivering 20% revenue growth. The company guided for third-quarter revenue between $210 million and $216 million, with product revenue expected to rise sequentially to a range of $110 million to $116 million.

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Rambus Inc
RMBS
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Stock fell 33% despite earnings beat and analyst target, driven by market disappointment and valuation concerns.

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