On Nov 05, major Wall Street analysts update their ratings for $Astera Labs (ALAB.US)$, with price targets ranging from $80 to $100.
Morgan Stanley analyst Joseph Moore maintains with a buy rating, and adjusts the target price from $74 to $94.
Barclays analyst Thomas O'Malley maintains with a buy rating, and adjusts the target price from $70 to $87.
Needham analyst Quinn Bolton maintains with a buy rating, and adjusts the target price from $65 to $100.
Stifel analyst Tore Svanberg maintains with a buy rating, and maintains the target price at $80.
Craig-Hallum analyst Richard Shannon maintains with a buy rating.
Furthermore, according to the comprehensive report, the opinions of $Astera Labs (ALAB.US)$'s main analysts recently are as follows:
Astera Labs' recent quarter exceeded expectations, driven by Aries, which sets the stage for a promising year ahead bolstered by Scorpio and Gen 6 developments.
Following an impressive performance in Q4, analysts recommend maintaining a positive outlook on Astera Labs, citing continued momentum in Aries retimers for GPU and ASIC programs. The acceleration of 400G deployments for Taurus and the expected ramp-up in Scorpio switch revenues, which are predicted to comprise 10% of overall revenues next year, contribute to this optimistic stance. The success of Astera is also seen as beneficial for the broader technology sector.
Following a 'strong' Q3 performance and an impressive Q4 outlook, there is anticipation for Astera Labs' revenue to diversify and ramp up with high visibility into the calendar year 2025. This growth is expected to be fueled by a range of products and an increasing presence across various customers.
Here are the latest investment ratings and price targets for $Astera Labs (ALAB.US)$ from 5 analysts:
Note:
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