Stifel Maintains Buy on Astera Labs, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Tore Svanberg maintains a Buy rating on Astera Labs (NASDAQ:ALAB) but lowers the price target from $87 to $80.

August 05, 2024 | 10:54 am
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Stifel analyst Tore Svanberg maintains a Buy rating on Astera Labs but lowers the price target from $87 to $80.
The Buy rating suggests continued confidence in Astera Labs' long-term prospects, but the lowered price target indicates some short-term concerns or adjustments in valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100