Stifel lowered the firm’s price target on Astera Labs to $80 from $87 and keeps a Buy rating on the shares. The firm expects “another beat & raise” report from Astera in the June-end quarter as it calls the company “a key beneficiary of AI-driven data center deployments,” but is adjusting its price target on recent lower comps.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALAB: