RMBS Price Prediction Next Week
Analysis and Insights
Technical Analysis:
RMBS is currently trading at $52.43 as of 2025-03-10, with a significant drop of -4.46% during the regular market session. The stock's technical indicators suggest a bearish trend:
- RSI (6, 12, 14): All below 50, indicating potential overselling.
- Stochastic Oscillator (14): Oversold conditions with K at 16.24 and D at 13.52.
- MACD: Bearish crossover with MACD at -2.20 and signal at -1.01.
- Moving Averages: All SMAs (5, 10, 20, 60, 200, 250) are above the current price, indicating resistance levels.
Fundamental Analysis:
- Earnings Performance: RMBS reported strong Q4 results with EPS of $0.58, beating estimates, and revenue growth of 31.8% year-over-year.
- Event Impact: Presented at the Morgan Stanley Technology Conference on March 3, 2025, which is a positive catalyst.
Fibonacci Levels:
- Pivot: $56.50
- Resistance Levels: $61.20, $64.10
- Support Levels: $51.80, $48.89
Conclusion:
Based on the analysis, RMBS is expected to face selling pressure next week. The stock may drop to $50.00.
Recommendation: Sell
RMBS Similar Chart Price Prediction
The price of RMBS is predicted to go up 3.12%, based on the high correlation periods with PMO. The similarity of these two price pattern on the periods is 95.99%.
RMBS
PMO
Up: 3.12%Similarity: 95.99%
RMBS Revenue Forecast
RMBS EPS Forecast
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RMBS Analyst's Forecast
Tristan Gerra
Baird
Buy
2024-11-25
Price Target
$90
Upside
+55.79%
Baird analyst Tristan Gerra initiated coverage of Rambus with an Outperform rating and $90 price target.
Gary Mobley
Loop Capital
Strong Buy
2024-11-11
Price Target
$70
Upside
+25.25%
Gary Mobley
Wells Fargo
Buy
2024-11-06
Price Target
$62
Upside
+7.45%
