Needham analyst Quinn Bolton maintained a Buy rating on Astera Labs, Inc. (ALAB – Research Report) today and set a price target of $100.00.
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Quinn Bolton has given his Buy rating due to a combination of factors that highlight Astera Labs, Inc.’s strong growth potential. The company has demonstrated impressive performance with its Aries and Taurus product lines, which have contributed to its recent financial success.
Looking ahead, Astera Labs is expected to benefit from the expansion of PCIe and Ethernet on ASIC platforms, as well as the introduction of new products like the Scorpio P-Series and Aries 6. Additionally, the anticipated production of customized GPU racks and the launch of CXL and Scorpio-X switches are likely to further bolster the company’s revenue. Despite some challenges from export controls, the overall outlook remains positive, justifying the Buy rating.
In another report released today, Citi also maintained a Buy rating on the stock with a $100.00 price target.
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