Astera Labs (ALAB) Downgraded: Barclays Says AI Connectivity Shifts Away from Its UALink

Astera Labs, Inc. (NASDAQ:ALAB) is one of the AI Stocks Making Waves on Wall Street. On October 20, Barclays’ analyst Tom O’Malley downgraded the stock to Equal Weight from Overweight with an unchanged price target of $155. Barclays hasn’t just downgraded Astera Labs, but also names such as Lumentum and Marvell Technology, citing how they look “less attractive compared to the AI involved names.” The downgrade, particularly for ALAB, stems from a lack of adoption of its UALink product, beyond Amazon’s (AM ...