Wall Street analysts take a positive view of AI-driven Astera [Reuters]
Astera Labs, Inc. (ALAB)
Company Research
Source: Reuters
, opens new tab mostly on a bullish note as they see the company benefiting from a burgeoning market for artificial intelligence (AI) tools. 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 (AVGO.O) New Tab , opens new tab , Marvell Technology (MRVL.O) New Tab , opens new tab and Parade Technologies (4966.TWO) New Tab , opens new tab Most brokerages cited the company's AI infrastructure offerings, new market opportunities, and rising average selling price (ASP) in their notes for the mostly positi
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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