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Barchart
Aanchal Sugandh

Astera Labs Stock Just Got a New Street-High Price Target. Analysts Feel Confident in AI Spend Through 2028.

Astera Labs ALAB Bank of America

Astera Labs (ALAB) has found itself back in Wall Street's good books after its stock rallied more than 31% over the last month. The latest optimism comes as analysts grow increasingly confident that artificial intelligence (AI) spending has plenty of room to run through 2028.

Bank of America reinforced that view on Tuesday, June 23, by raising price targets for several semiconductor stocks. Astera Labs stood out from the pack as the firm increased its price target to $450 from $240.

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