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Astera Labs Is Gaining Market Share, 2 Analysts Recommend The Stock Despite IPO Rally

Shares of semiconductor connectivity solutions provider Astera Labs Inc (NASDAQ: ALAB) made its public debut with a rally on the first day of trading. Here are some key analyst insights into the Santa Clara, California-based company, which raised $700 million in its initial public offering. Needham analyst Quinn Bolton initiated coverage with a Buy rating and price target of $85. JPMorgan analyst Harlan Sur initiated coverage with an Overweight rating and price target of $85. Check out other analyst stock ratings. Needham: The stock represents a “unique investment,” ...