Rambus Shares Up 3% Following Q1 Results 
<p><a href='https://financialmodelingprep.com/financial-summary/RMBS'>Rambus Inc. (NASDAQ:RMBS) </a>shares closed almost 3% higher on Tuesday following the company’s reported solid Q1 quarter and Q2 guidance above the Street estimates (revenue of $128-146 million vs. Street’s $125.34 million).</p>
<p>Analysts at Deutsche said they were most impressed by the growth in its silicon IP opportunity with the current revenue run-rate at $120-130 million, compared to around $100 million in 2021, with the company highlighting strength in data center and AI, as well as incremental opportunities in areas such as automotive and government. </p>
<p>In the Products business, the company also beat H1/22 expectations but expects H2/22 to be lumpy as customers will take some time to absorb the initial DDR5 purchases. </p>
<p>Post results, the analysts raised their estimates for 2022/2023 slightly and raised their price target from $30 to $32, while keeping their buy rating unchanged.</p>

NASDAQ:RMBS