Astera Labs price target raised to $142 from $94 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Astera Labs (ALAB) to $142 from $94 and keeps an Overweight rating on the shares. The firm maintains an Attractive view on the Semiconductors industry as the AI market leads the way and it sees “a U-shaped bottom continuing to play out elsewhere,” adding in its 2025 industry outlook note that Nvidia (NVDA) remains its “Top Pick” in the space.