Astera Labs price target raised to $125 from $80 at Susquehanna

Susquehanna raised the firm’s price target on Astera Labs (ALAB) to $125 from $80 and keeps a Neutral rating on the shares. The firm said its Jun-Q results and Sep-Q guide were materially above consensus as the company benefited from strong shipment of scale-out fabric switches in Blackwell, which drove Scorpio P contribution above 10% of revenue.

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