Stifel raised the firm’s price target on Astera Labs (ALAB) to $145 from $110 and keeps a Buy rating on the shares. The firm expects Q2 revenue to beat its $172.5M estimate and for the company to issue a Q3 outlook above the firm’s current $180.0M estimate to “another record,” the analyst tells investors in a preview. All four hyperscalers recently reported continued cloud/AI demand while affirming continued robust capex growth plans, which “bodes well” for Astera, the analyst added.
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