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Why Astera Labs Stock Was on Fire This Week
A professional pundit got notably more bullish on Astera Labs (NASDAQ: ALAB) on Monday, and that set quite a positive tone for the semiconductor company's stock in the subsequent trading days. According to data compiled by S&P Global Market Intelligence, the shares were trading up by almost 30% week to date as of early Friday morning.That pundit was analyst Joseph Moore of white-shoe investment bank Morgan Stanley. He upgraded his recommendation on Astera's stock to overweight (i.e., buy) from his preceding equal weight (hold). His price target is now $99 per share. Image source: Getty Images.Continue reading
A professional pundit got notably more bullish on Astera Labs (NASDAQ: ALAB) on Monday, and that set quite a positive tone for the semiconductor company's stock in the subsequent trading days. According to data compiled by S&P Global Market Intelligence, the shares were trading up by almost 30% week to date as of early Friday morning.
That pundit was analyst Joseph Moore of white-shoe investment bank Morgan Stanley. He upgraded his recommendation on Astera's stock to overweight (i.e., buy) from his preceding equal weight (hold). His price target is now $99 per share.
Image source: Getty Images.
