Baird Initiates Coverage on Rambus with Outperform Rating, Shares Rise 2%

Rambus (NASDAQ:RMBS) shares rose nearly 2% pre-market today after Baird analysts initiated coverage on the company with an Outperform rating and a price target of $90. The analysts highlighted Rambus as a pivotal player in AI-driven advancements for data centers, offering first-to-market solutions that address performance bottlenecks between processors and memory.

Rambus has established itself as a long-time leader in DRAM memory technology and intellectual property, focusing on high-bandwidth DRAM solutions that are critical for AI systems. The analysts positioned Rambus as a key component of Baird’s 2025 semiconductor investment themes, which include AI memory, processors, and optical systems. The company’s innovative technologies make it a central performance enabler in AI applications, reinforcing its role as a core holding within the AI-enabling memory technologies sector.