Why Rambus Stock Sank Today
(NASDAQ: RMBS) stock lost ground in Tuesday's trading on the heels of a mostly solid quarterly report. The company's share price fell 8.7% in a daily session that saw the S 500 (SNPINDEX: ^GSPC) rise 0.2% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) jump 0.8%.
Rambus published its third-quarter results after the market closed yesterday, posting earnings that were in line with Wall Street's target and sales that beat expectations. Despite the sales beat, some investors appear to have been hoping for stronger earnings and forward guidance.
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Source Fool.com
Rambus Inc. Stock
€88.94
0.540%
With 16 Buy predictions and not the single Sell prediction the community is currently very high on Rambus Inc..
As a result the target price of 108 € shows a positive potential of 21.43% compared to the current price of 88.94 € for Rambus Inc..
