Craig-Hallum raised the firm’s price target on Astera Labs (ALAB) to $105 from $75 and keeps a Buy rating on the shares. While Astera’s stock was strong going into Q3 earnings given the positive AI-related datapoints and new products, its Q3 conference call erased many doubts about customer/product concentration and generational content increases, the firm says. As such, Craig-Hallum says Astera’s stock will be up, a lot, today and that it is still a buyer.
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