TD Cowen analyst Sean O’Loughlin initiated coverage of Astera Labs (ALAB) with a Hold rating and $200 price target The firm views Astera as a key player in the rapidly growing datacenter connectivity ecosystem, with deep relationships across hyperscale customers and accelerator vendors driving strong top-line growth. The firm’s enthusiasm on the stock is tempered, however, by sky-high investor expectations and what it sees as real competitive threats, especially in scale up switching, the analyst tells investors in a research note.
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