Astera Labs shares are trading lower after the company reported Q2 financial results. Needham and Evercore ISI Group lowered their respective price targets on the stock.
Portfolio Pulse from Benzinga Newsdesk
Astera Labs shares are trading lower after the company reported Q2 financial results. Needham and Evercore ISI Group lowered their respective price targets on the stock.
August 07, 2024 | 3:05 pm
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Astera Labs shares are trading lower following the release of their Q2 financial results. Additionally, Needham and Evercore ISI Group have both lowered their price targets for the stock.
The decline in Astera Labs' share price is directly linked to the company's Q2 financial results, which likely did not meet market expectations. The subsequent lowering of price targets by Needham and Evercore ISI Group further indicates a negative outlook, contributing to the downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100