In a report released yesterday, Sean O’Loughlin from TD Cowen maintained a Hold rating on Astera Labs, Inc., with a price target of $170.00.
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Sean O’Loughlin’s rating is based on a combination of factors, including the company’s consistent performance and the anticipated positive shift in investor sentiment following recent strong results. Despite the strong performance, the results were largely expected, particularly after Amazon’s recent positive commentary, which may have already set the stage for these outcomes.
Additionally, while the company’s management has reiterated its commitment to growth investments over margin optimization, this approach aligns with their long-term model but suggests limited immediate margin improvements. The ongoing debates around UALink versus Scale Up Ethernet and the competitive landscape, particularly with Broadcom, also contribute to the Hold rating as these factors introduce uncertainties in the company’s future growth trajectory.
In another report released on November 1, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $201.00 price target.