Astera Labs price target lowered to $70 from $135 at Barrington

Barrington analyst Tom O’Malley lowered the firm’s price target on Astera Labs (ALAB) to $70 from $135 and keeps an Outperform rating on the shares. The firm updated semiconductor and semiconductor capital equipment models to reflect tariffs and the trade war ahead of Q1 earnings. The analyst reduced target multiples on China and consumer risk.