Susquehanna analyst Mehdi Hosseini raised the firm’s price target on Astera Labs (ALAB) to $230 from $155 and keeps a Neutral rating on the shares. The firm said the company reported Q1 results and Q2 guidance above consensus, as the company continues to diversify its product revenue and capture increasing connectivity content per AI rack.
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Read More on ALAB:
- Quinn Bolton Lifts Astera Labs Price Target to $260 on Strong Product Momentum and Long-Term AI Growth Drivers
- Astera Labs Earns Buy Rating on Strong Q1 Results, Surging Scorpio AI Switch Demand, and Expanding Connectivity Portfolio
- Sean O’Loughlin Reiterates Hold on Astera, Lifts Price Target to $225 Amid Strong Near-Term Upside but Longer-Term Competitive Uncertainty
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