Morgan Stanley Maintains Equal-Weight on Astera Labs, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore maintains an Equal-Weight rating on Astera Labs (NASDAQ:ALAB) but lowers the price target from $85 to $55.
August 07, 2024 | 4:24 pm
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Morgan Stanley analyst Joseph Moore maintains an Equal-Weight rating on Astera Labs but lowers the price target from $85 to $55.
The lowered price target from $85 to $55 by a major analyst like Morgan Stanley is likely to negatively impact investor sentiment and could lead to a short-term decline in the stock price of Astera Labs.
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IMPORTANCE 80
RELEVANCE 100