Roth MKM Maintains Buy on Astera Labs, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Suji Desilva maintains a Buy rating on Astera Labs (NASDAQ:ALAB) but lowers the price target from $85 to $60.
August 07, 2024 | 5:00 pm
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Roth MKM analyst Suji Desilva maintains a Buy rating on Astera Labs but lowers the price target from $85 to $60.
The Buy rating suggests continued confidence in Astera Labs' 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