Citigroup: Rambus Technology may be in a transition period, popularity may rebound at the end of the second quarter.

Citigroup analyst Kyna Wong stated in a report that the first quarter performance of Lens Technology did not meet expectations, and the company may be entering a transition period, with its consumer electronics business under pressure while new businesses are emerging and growing. Citigroup said that despite disappointing performance, the company is expected to benefit from the expected stockpile replenishment by major customers such as Apple from the end of the second quarter to the end of the third quarter. The firm reduced its target price for Lens Technology's A-shares from RMB 32.00 to RMB 30.00, and for its H-shares from HK$ 27.00 to HK$ 25.00, to reflect its lower-than-expected first quarter profits. The firm is more optimistic about the company's H-shares, as the risk-return ratio is better.