The firm's new price target suggests shares of Astera Labs could gain 58.6% from its latest close.
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Loop Capital sees shares of Astera Labs rising 120% from here.
The company "positions itself as an emerging AI hyperscaler," Citi analyst Tyler Radke says.
This AI stock has a more visible path to victory than its hyperscaler peers.
We're also bumping up our price target on shares.
The tech giant was on the shopping list we shared on Thursday.
Credo Technology on Wednesday reported better-than-expected financial results for its fiscal first quarter.
