BMO Capital Markets Initiates Coverage on Astera Labs (NASDAQ:ALAB)

Astera Labs in focus as BMO Capital starts with Outperform rating (ALAB:NASDAQ)

Astera Labs draws BMO’s Outperform rating and $375 target as shares slip premarket.

Semiconductor stocks are sliding. This one is a buy, BMO says

Astera Labs has lost nearly a third of its value over the past three months, but it could be due for a big bounce, per BMO Capital Markets.

BMO Capital Markets Initiates Coverage on Astera Labs (NASDAQ:ALAB)

BMO Capital Markets started coverage on Astera Labs in a research report on Thursday. They issued an "outperform" rating and a $375.00 price target on the stock.

BMO initiates Astera Labs at outperform with a $375 price target

BMO Capital Markets initiates Astera Labs at outperform with a $375 target, citing AI networking demand after a semiconductor stock rotation.