Stock Track | Astera Labs Soars 7.84% on Northland Upgrade and $120 Price Target

Stock Track

Jan 28, 2025

Astera Labs, Inc. (ALAB) saw its stock soar 7.84% in the pre-market trading session on Tuesday, following an upgrade from Northland Securities. The semiconductor firm'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.

The upgrade and higher price target from Northland signaled optimism about the company's prospects and drove the pre-market surge in Astera Labs' stock price.

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(ALAB) saw its stock soar 7.84% in the pre-market trading session on Tuesday, following an upgrade from Northland Securities. The semiconductor firm's shares had previously tumbled 28% amid broader market volatility.</p>\n\n<p>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.</p>\n\n<p>The upgrade and higher price target from Northland signaled optimism about the company's prospects and drove the pre-market surge in Astera Labs' stock price.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ALAB","symbol_name":"Astera Labs, Inc.","start_time":0,"source_url":"","article_id":"1195113960","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1195113960","pubTimestamp":1738077069,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Astera Labs, Inc.  saw its stock soar 7.84% in the pre-market trading session on Tuesday, following an upgrade from Northland Securities. 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