5Needham Maintains Buy on Astera Labs, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Quinn Bolton maintains a Buy rating on Astera Labs (NASDAQ:ALAB) but lowers the price target from $85 to $65.
August 07, 2024 | 11:27 am
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Needham analyst Quinn Bolton maintains a Buy rating on Astera Labs but lowers the price target from $85 to $65.
The Buy rating suggests continued confidence in the company's long-term prospects, but the lowered price target indicates a more cautious short-term outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100