Astera Labs initiated with a Neutral at Susquehanna

Susquehanna analyst Mehdi Hosseini initiated coverage of Astera Labs (ALAB) with a Neutral rating and $80 price target The company provides connectivity solutions for the entire server rack, the analyst tells investors in a research note. The firm says consistent execution in increasing content, diversifying revenue, and scaling expenditures could potentially drive material upside in the shares, though it prefers to be on the “conservative side.”