Rambus, Inc. (NASDAQ:RMBS) reported mixed first-quarter results after Monday’s closing bell.



Rambus reported quarterly earnings of 63 cents per share, which missed the consensus estimate of 64 cents. Quarterly revenue came in at $180.19 million, which beat the Street estimate of $177.93 million, according to Benzinga Pro data.



&#34;Rambus opened 2026 with a solid first quarter, delivering financial results in line with guidance and generating strong cash from operations,&#34; said Luc Seraphin, president and CEO of Rambus.



Rambus sees second-quarter revenue in a range of $190 million to $208 million, versus the $196.21 million analyst estimate.



Rambus shares fell 23.2% to trade at $108.47 on Tuesday.



These analysts made changes to their price targets on Rambus following earnings announcement.



<ul>
<li>Rosenblatt analyst Kevin Cassidy maintained Rambus with a Buy and raised the price target from $130 to $150.</li>



<li>Evercore ISI Group analyst Daniel Markowitz maintained the stock with an Outperform rating and raised the price target from $119 to $172.</li>



<li>Wells Fargo analyst Aaron Rakers maintained Rambus with an Overweight rating and raised the price target from $115 to $145.</li>
</ul>



Considering buying RMBS stock? Here’s what analysts think: 



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RMBS

ILDR

SMHX

SOXL

SOXX

Rambus, Inc. (NASDAQ:RMBS) reported mixed Q1 results, missing earnings estimates of 64 cents per share with actual earnings of 63 cents, but beating revenue estimates with $180.19 million. Following the announcement, Rambus shares fell 23.2% to $108.47. Analysts have adjusted their price targets: Rosenblatt raised from $130 to $150, Evercore ISI from $119 to $172, and Wells Fargo from $115 to $145, maintaining positive ratings on the stock.

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Rambus

Invesco Semiconductors ETF

First Trust Innovation Leaders ETF

VanEck Fabless Semiconductor ETF

VanEck Semiconductor ETF

Direxion Semicon Bull 3X

iShares Semiconductor ETF

SPDR S&P Semicon

Evercore

Wells Fargo

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WELLS FARGO & COMPANY DP SHS REP 1/1000TH INT NCUM PFD CL A DD

WELLS FARGO & COMPANY 7.5% PERP CONV PRF CLS 'A' SERIES 'L'

WELLS FARGO & COMPANY DEP SHS REP 1/1000 INT PER PFD SER Y A

WELLS FARGO & COMPANY DP SHS REP 1/1000TH INT NCUM PFD CL A CC

WELLS FARGO & COMPANY 4.75% DEP SHS 1/1000 NCUM PFD CL A SR Z

WELLS FARGO & COMPANY DEP SHS REP 1/1000TH INT PFD SR AA (CLA)

Rambus Analysts Boost Their Forecasts Following Q1 Earnings