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Astera Labs price target raised to $155 from $75 at Barclays

Barclays analyst Tom O’Malley raised the firm’s price target on Astera Labs (ALAB) to $155 from $75 and keeps an Overweight rating on the shares. The company reported “another strong beat and raise” quarter with more contribution from Scorpio P-switch, the analyst tells investors in a research note.

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