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Rambus Inc. Message Board

  • fastmoney_2012 fastmoney_2012 Jun 13, 2012 12:51 PM Flag

    Rambus Rips Higher Following New Analyst Coverage; Sees Shares Doubling

    Rambus (Nasdaq: RMBS) shares are trading stronger as Sidoti initiated coverage on the stock earlier.

    The firm started Rambus at Buy with a $10 price target, basically a 100 percent premium to Tuesday's closing at $4.86.

    Given that there's only a handful of analysts covering Rambus, the new call is a notable one.

    Shares are 13.5 percent better on the session, trading near intraday highs.

12.54-0.18(-1.42%)Sep 23 4:00 PMEDT