Astera Labs is trading higher at $346.50, up +7.74% on August 17, 2026, after Northland upgraded the stock to Outperform from Market Perform and assigned a $350 price target.
- Northland cited expected positive earnings revisions, durable AI-infrastructure spending, and potential gains in switching-fabric share.
- The move follows strong second-quarter results and an upbeat third-quarter outlook, reinforcing investor confidence in the Scorpio X-Series ramp.