Evercore ISI raised the firm’s price target on Astera Labs (ALAB) to $104 from $87 and keeps an Outperform rating on the shares. Astera’s Chief Business Officer Thad Omura, Fellow of Technology & Ecosystems Chris Petersen and Head of IR Nick Aberle presented yesterday on their UALink related opportunities and the firm came away “incrementally more positive,” the analyst tells investors. The firm believes Astera’s focus on expanding their product portfolio for rack-scale AI suggests current estimates “could ultimately prove to be conservative,” the analyst added.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALAB:
- Astera Labs, Inc.: Strategic Positioning and Growth Potential in AI Connectivity Market Justifies Buy Rating
- AI Daily: Nvidia, Cisco, OpenAI supporting UAE Stargate AI project
- Astera Labs expands collaboration with Nvidia
- Nvidia unveils NVLink Fusion
- Teva, Astera, Coinbase, Crocs, PDD: Trending by Analysts
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue