Astera Labs: Connectivity Platform In AI World; Initiate With 'Buy' [Seeking Alpha]
Astera Labs, Inc. (ALAB)
Company Research
Source: Seeking Alpha
Summary Initiating a 'Buy' rating for Astera Labs with a one-year target price of $110 per share due to strong growth momentum and innovative connectivity solutions. Astera Labs's COSMOS software suite and high-speed connectivity products are crucial for data center market growth, particularly in AI and cloud computing environments. Recent financial results show 206% year-on-year revenue growth, with significant future growth expected from new product launches like Scorpio X-Series and Taurus SCM. Key risks include reliance on TSMC for manufacturing, competition from larger companies, and geopolitical tensions impacting business expansion in China. Erik Isakson Astera Labs ( NASDAQ: ALAB ) offers high-speed, mixed-signal connectivity products to address connectivity challenges in high-performance computing. The company's unique COSMOS software suite is fully integrated with their connectivity products. Astera Labs has achieved strong growth momentum in their core connecti
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ALAB
News
- Advance Magazine Said to Seek $1.2 Billion in Reddit Share Sale [Yahoo! Finance]Yahoo! Finance
- Yahoo Finance [Yahoo! Finance]Yahoo! Finance
- Astera Labs, Inc. (NASDAQ: ALAB) is now covered by analysts at Citigroup Inc.. They set a "buy" rating and a $120.00 price target on the stock.MarketBeat
- Digging Into The Ultra Accelerator Link Consortium [Forbes]Forbes
- Analysts Just Shipped A Sizeable Upgrade To Their Astera Labs, Inc. (NASDAQ:ALAB) Estimates [Yahoo! Finance]Yahoo! Finance
ALAB
Earnings
- 11/4/24 - Beat
ALAB
Sec Filings
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- ALAB's page on the SEC website