Craig-Hallum raised the firm’s price target on Astera Labs (ALAB) to $125 from $105 and keeps a Buy rating on the shares. Astera had “another strong report and guide,” driven by its Aries retimer products and exposure to key internal ASIC programs, the analyst tells investors. Calendar 2025 should be “another strong year,” driven by Gen 6 retimers and Scorpio P and X series, with help from Taurus and Leo product ramps, the analyst added in a post-earnings note.
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