Astera Labs price target raised to $230 from $155 at Susquehanna
Susquehanna analyst Mehdi Hosseini has increased the price target for Astera Labs (ALAB) to $230 from $155, while maintaining a Neutral rating. The upgrade follows Astera Labs' strong first-quarter results and better-than-expected Q2 guidance. The company demonstrated product revenue diversification and an increasing presence in AI rack connectivity.
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