Barclays Initiates Coverage On Astera Labs with Overweight Rating, Announces Price Target of $85
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tom O'Malley has initiated coverage on Astera Labs (NASDAQ:ALAB) with an Overweight rating and set a price target of $85.
April 15, 2024 | 11:12 am
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Barclays has initiated coverage on Astera Labs with an Overweight rating and a price target of $85.
The initiation of coverage by a major financial institution like Barclays, especially with an Overweight rating, is a positive signal to the market. The set price target of $85 suggests a bullish outlook on the stock's future performance. This could lead to increased investor interest and potentially drive up the stock price in the short term.
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