Stifel raised the firm’s price target on Astera Labs (ALAB) to $200 from $185 and keeps a Buy rating on the shares following a “strong” Q3 beat and “meaningful guidance raise.” Astera’s PCIe portfolio “already is in prime position” to capture meaningfully accelerating revenue in 2026 and 2027, even as the company expands its portfolio to address next-gen protocols, the analyst tells investors.
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