Wall Street analysts take a positive view of AI-driven Astera [Yahoo! Finance]
Astera Labs, Inc. (ALAB)
Company Research
Source: Yahoo! Finance
The Santa Clara, California-based company sells high-speed semiconductor-based data transfer technology for AI and data center applications and is positioned to gain from the AI boom. Shares of the chip firm rose 2.8% at $74.74 in premarket trading on Monday after most of the ten brokerages assigned it a top rating. J.P.Morgan and Barclays rated it "overweight" with a price target of $85, following the expiry of the mandated quiet period. The firm, which had its IPO last month, competes with chip companies such as Broadcom, Marvell Technology and Parade Technologies. Most brokerages cited the company's AI infrastructure offerings, new market opportunities, and rising average selling price (ASP) in their notes for the mostly positive views. Jefferies said the company has a path to over $1 billion in annual revenue on back of multiple company-specific drivers apart from its robust double-digit AI server unit growth. Morgan Stanley believes Astera's products are leveraged to
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ALAB
News
- Nvidia favorite in AI basket, gets Buy rating at Jefferies [Seeking Alpha]Seeking Alpha
- Astera Labs, Inc. Common Stock (NASDAQ:ALAB) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Astera Labs, Inc. (NASDAQ: ALAB) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $85.00 price target on the stock.MarketBeat
- Profiter de l’essor de l’IA grâce aux FNB sur l’IA [Finance et Investissement (Montreal) (French)]Finance et Investissement
- Astera Labs Announces Financial Results for the First Quarter of Fiscal Year 2024 [Yahoo! Finance]Yahoo! Finance
ALAB
Earnings
- 5/7/24 - Beat
ALAB
Sec Filings
- 5/9/24 - Form S-8
- 5/8/24 - Form 10-Q
- 5/7/24 - Form 8-K
- ALAB's page on the SEC website