Stifel analyst Tore Svanberg has maintained a "Buy" rating on Astera Labs, Inc. (ALAB.US) with a price target of $174. The rating reflects the firm's confidence that Astera Labs, Inc. can effectively manage potential supply chain challenges, particularly those related to Taiwan Semiconductor Manufacturing Company (TSM.US) advanced process nodes.

Stifel highlighted that TSMC's early investment in the company has helped secure manufacturing capacity amid industry-wide capacity shortages. Astera Labs, Inc. focuses on designing, manufacturing, and selling semiconductor-based connectivity solutions for cloud and artificial intelligence infrastructure.

According to the Stifel analyst: "We believe Astera Labs, Inc. remains well-positioned to continue effectively managing potential supply chain constraints, especially regarding TSMC's advanced processes. TSMC's early investment in Astera Labs, Inc., combined with the overlap between the company's customer base and TSMC's client portfolio, also helps ensure capacity allocation, supporting the company's rapid growth amid widespread industry tensions in substrates and manufacturing."