Analysts Offer Insights on Technology Companies: Rambus (RMBS), Texas Instruments (TXN) and RingCentral (RNG)
There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Rambus (RMBS), Texas Instruments (TXN) and RingCentral (RNG) with bullish sentiments.
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Rambus (RMBS)
William Blair analyst Sebastien Naji reiterated a Buy rating on Rambus today and set a price target of $130.00. The company’s shares closed last Tuesday at $130.45.
According to TipRanks.com, Naji is a 5-star analyst with an average return of
Rambus has an analyst consensus of Strong Buy, with a price target consensus of $116.80, implying a -8.7% downside from current levels. In a report issued on April 15, Rosenblatt Securities also maintained a Buy rating on the stock with a $130.00 price target.
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Texas Instruments (TXN)
In a report released today, Mark Lipacis from Evercore ISI maintained a Buy rating on Texas Instruments. The company’s shares closed last Tuesday at $233.15.
According to TipRanks.com, Lipacis is a top 25 analyst with an average return of
Texas Instruments has an analyst consensus of Moderate Buy, with a price target consensus of $226.61, which is a -3.4% downside from current levels. In a report issued on April 9, Stifel Nicolaus also upgraded the stock to Buy with a $250.00 price target.
RingCentral (RNG)
Rosenblatt Securities analyst Catharine Trebnick maintained a Buy rating on RingCentral yesterday and set a price target of $45.00. The company’s shares closed last Tuesday at $41.34, close to its 52-week high of $42.19.
According to TipRanks.com, Trebnick ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of
RingCentral has an analyst consensus of Moderate Buy, with a price target consensus of $37.33, which is a -7.3% downside from current levels. In a report issued on April 18, TipRanks – Google also reiterated a Buy rating on the stock with a $46.00 price target.
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