Astera Labs Inc. (NASDAQ: ALAB) is deemed one of the best data center stocks to buy now, with Needham analyst Quinn Bolton raising the price target to $170 from $100 on August 6. The company’s Scorpio, Aries, and Taurus product lines contributed to a successful second quarter of 2025, with Scorpio X showing promising engagement with over ten AI and cloud service providers. Analysts see potential growth in Scorpio P switches and Taurus Active Electrical Cables. Astera Labs specializes in providing connectivity solutions for rack-scale AI infrastructure and data centers.

Read more at Yahoo Finance: Needham Doubles Down on Astera Labs (ALAB) Amid Product Momentum