share_log

A Quick Look at Today's Ratings for Astera Labs(ALAB.US), With a Forecast Between $80 to $100

Futu News ·  Nov 5 21:00  · Ratings

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:

StockTodayLatestRating_nn_84993108055012_20241105_en

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment