Astera Labs, Inc. (ALAB) saw its stock soar nearly 7% in pre-market trading on Tuesday, following an upgrade from Northland Securities. The semiconductor company's shares had previously tumbled 28% amid broader market volatility.
Northland analyst Joseph Moore upgraded Astera Labs from Market Perform to Outperform, raising the price target from $100 to $120. The analyst's move comes after the recent sell-off in the stock, which is now seen as an attractive entry point.
According to FactSet data, Astera Labs currently has an average rating of "overweight" from analysts, with a mean price target of $116.46. This suggests potential upside from the current levels, as analysts remain optimistic about the company's prospects.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。