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Astera Labs (ALAB) Gets Street-High Price Target as Citi Sees Major AI Upside

Astera Labs, Inc. (NASDAQ:ALAB) is one of the AI Stocks In The Spotlight For Investors. On October 7, Citi set a Street-high $275 price target on the stock and reiterated a “Buy” recommendation. The firm believes that ALAB is poised to soar after Monday’s landmark multibillion-dollar AI infrastructure deal between Advanced Micro Devices and OpenAI. The semiconductor maker provides hardware and software for AI and cloud infrastructure applications, and will be supplying critical networking infrastructure ...