Wall Street analysts take a positive view of AI-driven Astera

Beers & Burgers: Harvey's To Go | SaltWire #harveys #burger #beer #foodblogger - Wall Street brokerages started coverage of Astera Labs mostly on a bullish note as they see the company benefiting from a burgeoning market for artificial intelligence tools.

J.P.Morgan and Barclays rated it"overweight" with a price target of $85, following the expiry of the mandated quiet period. Most brokerages cited the company's AI infrastructure offerings, new market opportunities, and rising average selling price in their notes for the mostly positive views. Morgan Stanley believes Astera's products are leveraged to the most important trends in computing, and has initiated coverage of the stock with an"equal weight" rating.

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