On Wednesday, Rambus got an upgrade for its IBD SmartSelect Composite Rating from 94 to 97.
The new score means the company is now outperforming 97% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The market's biggest winners often have a 95 or higher score in the early stages of a new price run, so that's a good starting point when looking for the best stocks to buy and watch.
Rambus is trading within a buy range from a 58.42 entry from a cup with handle.
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The stock earns a 99 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 99% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q3, the company reported 125% earnings-per-share growth. Sales growth increased 38%, up from 10% in the prior quarter. That marks four consecutive reports with increasing revenue gains.
Rambus holds the No. 2 rank among its peers in the Electronics-Semiconductor Fabless industry group. Impinj is the No. 1-ranked stock within the group.
