Northland Upgrades $ALAB to Outperform from Market Perform, Raises PT to $175 Analyst comments: "We expect earnings to accelerate as the company ramps its Scorpio X product in the spring. Scorpio X can drive revenue per GPU to $1,000. It is increasingly important to focus on end customers, as not all data centers will be built due to a lack of funds or electricity. ALAB works with a majority of hyperscalers, with Amazon being their lead customer; we are confident in Amazon's data center spending and ALAB's revenue growth. We increase our price target on higher CY28 EPS estimates." Analyst: Gus Richard