Deutsche Bank Initiates Coverage On Astera Labs with Buy Rating, Announces Price Target of $85
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Ross Seymore initiates coverage on Astera Labs (NASDAQ:ALAB) with a Buy rating and a price target of $85.
April 15, 2024 | 9:21 am
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Deutsche Bank initiated coverage on Astera Labs with a Buy rating and set a price target of $85.
The initiation of coverage by a major bank like Deutsche Bank, especially with a Buy rating and a significant price target, is a strong positive signal to the market. This could lead to increased investor interest and potentially drive the stock price up in the short term as the market reacts to this new analyst coverage and price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100