Rambus stock has surged recently as the chipmaker benefits from AI data centers using its memory chip technology to speed data flows.
Three Wall Street firms raised their price targets on Rambus stock this week: Baird, Evercore ISI and Rosenblatt Securities.
Rosenblatt analyst Kevin Cassidy on Wednesday reiterated his buy rating on Rambus and hiked his price target to 130 from 90.
On the stock market today, Rambus rose 0.5% to close at 97.52. In intraday trades on Monday, it notched a 25-year high of 100.73. Its all-time high is 135, reached in June 2000.
"Following the recent breakout in RMBS shares, we believe investors are gaining a stronger appreciation for both the critical role of DRAM (dynamic random access memory) and Rambus' market leadership," Cassidy said in a client note.
He added, "Recent data center deployment announcements point to sustained demand through 2026 and into 2027."
Rambus makes memory interface chips. Its high-performance memory subsystems alleviate the bottleneck between memory and processing for data-intensive systems, including artificial intelligence applications. It generates revenue from product sales and royalties.
Rambus Stock Is A Recent Breakout
On June 27, Rambus stock broke out of a cup-with-handle base at a buy point of 63.15, according to IBD MarketSurge charts.
On Tuesday, Evercore analyst Natalia Winkler maintained her outperform rating on Rambus stock and upped her price target to 114 from 81.
Rambus has benefited from news of strengthening DRAM pricing in light of AI-driven demand for memory, she said in a client note.
Also, Rambus stock is likely to be added to the Philadelphia semiconductor index, known as SOX, later this month, Winkler said. The SOX includes the 30 largest semiconductor stocks traded in the U.S.
On Monday, Baird analyst Tristan Gerra kept his outperform rating on Rambus stock and raised his price target to 120 from 90.
He sees "multiple product revenue growth catalysts" for Rambus in the second half of its fiscal 2026.
Rambus stock is on two IBD lists: IBD 50 and Tech Leaders.
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