As previously reported, Northland downgraded Astera Labs (ALAB) to Market Perform from Outperform with a $120 price target citing valuation while noting that shares are up 300% since the company came public last year. Astera is “well positioned for a strong” calendar year 2025 and estimates will “likely increase,” but communications service provider spending on AI silicon will likely slow due to the “law of large numbers,” the analyst tells investors.
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Read More on ALAB:
- Astera Labs downgraded to Market Perform from Outperform at Northland
- Astera Labs price target raised to $142 from $94 at Morgan Stanley
- Astera Labs price target raised to $130 from $105 at Roth MKM
- Roku, Robinhood upgraded: Wall Street’s top analyst calls
- Astera Labs initiated with a Buy at Citi
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
