RBC Just Set The Highest Price Target On Astera Labs (ALAB), Here’s How You Can Play The Memory Trade Astera Labs, Inc. (NASDAQ:ALAB) is one of the 10 Best High-Bandwidth Memory (HBM4) Value Chain Stocks to Buy According to Hedge Funds.
Astera Labs, Inc. (NASDAQ:ALAB) provides the interconnects and memory pooling necessary to make high-bandwidth memory work on AI chips
On June 3, RBC Capital raised its price target on Astera Labs, Inc. (NASDAQ:ALAB) from $270 to $425 while maintaining a Buy rating. The upward-adjusted price target suggests an additional 24% upside from the current levels. This is also the highest Wall Street price target, suggesting RBC is the most bullish firm on ALAB among analysts.
On June 4, Mark Lipacis, an analyst at Evercore ISI, also reaffirmed a Buy rating on ALAB and set a target price of $297. On the same day, Astera Labs, Inc. (NASDAQ:ALAB) also showed positive momentum on the expansion front. The company announced a significant expansion of its Taiwan operations and Cloud Scale Interop Lab, which will increase its engineering and business presence there.