10:30 AM EDT, 04/29/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We reduce our 12-month target price to $55 from $65, on a lower revised per premium P/E of 19x our 2026 EPS estimate, reflecting exposure to RMBS's higher margin recurring licensing/royalty business. We keep our 2025 EPS estimate at $2.44 and 2026's at $2.90. After posting better-than-expected Q1 results, we are encouraged by traction around RMB's memory interface chips and upside from server content growth in the coming years. New product offerings are being centered around DDR5 and high bandwidth memory, as accelerators are now pushing the limits and demands for more compute with the need for higher bandwidth. In addition, we think RMBS's diverse revenue base will provide greater visibility amid tariff uncertainty. However, we are growing more concerned about sustaining momentum from product sales into 2026. We forecast FCF of $238 million in 2025, rising to $270 million for 2026, but we think EPS/revenue expectations could prove to be too ambitious if tariff issues escalate.