NEW YORK, April 25 (Reuters) – Chip designer Rambus Inc’s (RMBS.O) future stock performance hinges on the outcome of its $12 billion lawsuit against Micron Technology (MU.O) and Hynix Semiconductor Inc (000660.KS), Barron’s said in its April 26 edition.
Stocks | Technology
With a victory, analysts said the company’s stock could surge to $50 from around $25, the financial newspaper reported. But without a “juicy settlement or court award” the company’s shares could stumble.
Barron’s said for Rambus shares to leap, the outcome of its suit against Micron and Hynix would have to be more lucrative than its settlement with Samsung. Without a rich settlement, the stock could slide to as low as $15.
Rambus shares closed 6.4 percent higher Friday to $25.04 on the Nasdaq. (Reporting by Deepa Seetharaman, editing by Maureen Bavdek)