Craig-Hallum Maintains Buy on Astera Labs, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Richard Shannon maintains a Buy rating on Astera Labs (NASDAQ:ALAB) but lowers the price target from $90 to $75.

August 07, 2024 | 4:14 pm
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Craig-Hallum analyst Richard Shannon maintains a Buy rating on Astera Labs but lowers the price target from $90 to $75.
The maintained Buy rating suggests continued confidence in Astera Labs' long-term prospects. However, the lowered price target indicates a more cautious short-term outlook, likely due to recent performance or market conditions.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100