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Astera Labs price target lowered to $100 from $140 at Needham

Needham lowered the firm’s price target on Astera Labs (ALAB) to $100 from $140 and keeps a Buy rating on the shares. The company posted another beat and raise, driven by its Aries and Taurus product families, though the firm’s price target cut reflects multiple compression across the AI sector, the analyst tells investors in a research note.

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