Evercore ISI Raises Price Target for Astera Labs
Astera Labs (ALAB) shares are rising after Evercore ISI analyst Mark Lipacis raised the price target to $297, maintaining an 'Outperform' rating. The upgrade is driven by increased demand for ALAB's PCIe 6 connectivity solutions due to a shift in data center spending toward AI inference infrastructure.
Tickers: $ALAB
Topics: AI Inference Infrastructure Astera Labs Evercore ISI Semiconductors