Astera Labs up 60% in April on Amazon-Anthropic deal

Astera Labs up 60% in April on Amazon-Anthropic deal

Astera Labs (ALAB) surged 8% Tuesday, extending a 60% monthly rally. RBC Capital raised its price target to $250, citing 43% upside potential. The analyst is bullish on AWS suppliers like Astera due to Amazon's massive deal with Anthropic. UBS also expressed optimism for the company's future growth.

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