Deutsche Bank analyst Sidney Ho raised his price target for Rambus to $14 from $12 and keeps a Buy rating on the shares following the company's Q1 results. After adjusting numbers to reflect ASC 605, Rambus reported in-line results and guidance, Ho tells investors in a research note. While the outlook remains "somewhat cloudy," management appeared more confident in a second half recovery for its memory chip buffer business, adds the analyst. He believes the company is making a smart decision to focus on allocating resources towards its growth businesses.