Profit-Taking and Analyst Caution Drive Astera Labs Pullback Despite Strong Q2 Results
Astera Labs shares pulled back sharply after a substantial post-earnings surge, as investors took profits following a blockbuster Q2 report that topped estimates and a bullish revenue outlook. Analyst price-target revisions were mixed and insider selling over the past year continues to be a headwind, while core product momentum and rising PCIe 6.0 …