JPMorgan raised the firm’s price target on Astera Labs to $95 from $85 and keeps an Overweight rating on the shares. The company reported strong results on demand pull for its PCIe Gen5 retimer chip solutions to support the multi-year build-out of accelerated compute, the analyst tells investors in a research note. The firm believes Astera’s strong product cadence will continue to set a high bar for competitors.
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