Astera Labs price target raised to $160 from $105 at Deutsche Bank

Deutsche Bank analyst Ross Seymore raised the firm’s price target on Astera Labs (ALAB) to $160 from $105 and keeps a Buy rating on the shares. The company reported “another impressive quarter,” its sixth consecutive beat and raise, the analyst tells investors in a research note. The firm says Astera’s near-term strength is diversified.

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