Astera Labs, Inc. (NASDAQ:ALAB – Get Free Report) has earned a consensus rating of “Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. Eleven analysts have rated the stock with a buy recommendation. The average 12 month price target among analysts that have issued a report on the stock in the last year is $86.09.
A number of research firms recently weighed in on ALAB. Morgan Stanley began coverage on Astera Labs in a report on Monday, April 15th. They issued an “overweight” rating and a $81.00 price target on the stock. Stifel Nicolaus began coverage on Astera Labs in a report on Monday, April 15th. They issued a “buy” rating and a $81.00 price target on the stock. Needham & Company LLC restated a “buy” rating and issued a $85.00 price target on shares of Astera Labs in a report on Wednesday, May 8th. JPMorgan Chase & Co. began coverage on Astera Labs in a report on Monday, April 15th. They issued an “overweight” rating and a $85.00 price target on the stock. Finally, Evercore ISI began coverage on Astera Labs in a report on Tuesday, April 16th. They issued an “outperform” rating and a $100.00 price target on the stock.
Get Our Latest Analysis on ALAB
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Astera Labs Stock Performance
NASDAQ ALAB opened at $42.22 on Wednesday. The stock’s 50 day simple moving average is $59.80. Astera Labs has a 12-month low of $41.82 and a 12-month high of $95.21.
Astera Labs (NASDAQ:ALAB – Get Free Report) last released its earnings results on Tuesday, May 7th. The company reported ($1.76) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($1.62). The business had revenue of $65.26 million during the quarter, compared to the consensus estimate of $56.65 million. As a group, equities research analysts forecast that Astera Labs will post -0.56 EPS for the current year.
Astera Labs Company Profile
Astera Labs, Inc designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure. Its Intelligent Connectivity Platform is comprised of a portfolio of data, network, and memory connectivity products, which are built on a unifying software-defined architecture that enables customers to deploy and operate high performance cloud and AI infrastructure at scale.
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