Citi still a 'high-conviction' buyer of Rambus shares Citigroup said it remains "high-conviction buyers" of Rambus shares, calling the company its top small cap Specialty Semi pick. The firm believes yesterday's rally could have stemmed from the high volume for $10 March call options as well as positive investor sentiment for memory names. Citi keeps a Buy rating on Rambus with a $12 price target.
Rambus reiterated as top small cap specialty semi pick at Citi Citi this morning reiterated Rambus as its top pick among small-cap specialty semiconductors. Following the company's presentation at the NASDAQ investor conference yesterday, Citi continues to think Rambus will likely announce a new license opportunity this year to support Intel's next generation server platform to be launched in 2017. The firm keeps a Buy rating on the stock with a $17.50 price target.