Evercore ISI Group Maintains Outperform on Astera Labs, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Mark Lipacis maintains an Outperform rating on Astera Labs (NASDAQ:ALAB) but lowers the price target from $98 to $80.
August 07, 2024 | 11:30 am
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NEUTRAL IMPACT
Evercore ISI Group analyst Mark Lipacis maintains an Outperform rating on Astera Labs but lowers the price target from $98 to $80.
The Outperform rating suggests a positive outlook, but the lowered price target indicates some concerns or adjustments in expectations. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100