Analyst Tore Svanberg of Stifel Nicolaus maintained a Buy rating on Astera Labs, Inc., retaining the price target of $200.00.
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Tore Svanberg has given his Buy rating due to a combination of factors that highlight Astera Labs, Inc.’s strategic positioning and growth potential within the NVLink ecosystem. The company is actively collaborating with hyperscalers to enhance NVLink connectivity in complex deployments, which underscores its commitment to integrating with NVIDIA’s ecosystem and expanding its market presence.
Despite initial market concerns following the AWS and NVIDIA partnership announcement, Svanberg believes these fears are unfounded. Astera Labs’ deeper integration with custom silicon development and its newly acquired capabilities, such as photonic chiplets, position it well to capitalize on the growing demand for advanced networking solutions. This strategic involvement is expected to drive higher dollar content per XPU, supporting a robust growth trajectory for the company.
In another report released today, Morgan Stanley also maintained a Buy rating on the stock with a $210.00 price target.