
Rambus (NASDAQ:RMBS) Shares Gap Up - Should You Buy?

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Rambus (NASDAQ:RMBS) shares gapped up from $121.60 to $125.87 before trading at $122.4460. Analysts have raised their price targets, with Evercore ISI increasing it to $126.00 and Wells Fargo to $115.00, both giving "outperform" ratings. Rambus reported $0.44 EPS, missing estimates of $0.62, but revenue rose 22.7% year-over-year to $178.51 million. Insider trading saw Director Eric B. Stang sell 5,000 shares. Institutional investors own 88.54% of the stock, which has a market cap of $13.18 billion and a P/E ratio of 58.03.
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