Astera Labs: No More Connection (Downgrade) [Seeking Alpha]
Astera Labs, Inc. (ALAB)
Company Research
Source: Seeking Alpha
Follow Play 8min Summary I'm concerned about the company's high valuation, which is unsustainable at 60x this year's non-GAAP EPS. Growth has been impressive, but slowing AI spending is likely to lead to lower revenue growth rates ahead. Despite a strong balance sheet, I'm not convinced that cash reserves justify the high multiple. I now downgrade this stock to a sell. Looking for a helping hand in the market? Members of Deep Value Returns get exclusive ideas and guidance to navigate any climate. Learn More » Talaj Investment Thesis Astera Labs ( NASDAQ: ALAB ) is growing at a very rapid rate. This is the bull case. Meanwhile, the bear case is twofold. Firstly, its shares are really expensive. Secondly, and more importantly, its revenue growth rates are going to decelerate at a rapid rate starting in Q4 2024. Altogether, I believe there's enough uncertainty and downside potential, that I'm downgrading this stock to a Sell. Rapid Recap Back in May, I said
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ALAB
News
- Here is Why Astera Labs Inc (NASDAQ:ALAB) Is A Trending AI Stock [Yahoo! Finance]Yahoo! Finance
- Astera Labs, Inc. (ALAB) Stock Dips While Market Gains: Key Facts [Yahoo! Finance]Yahoo! Finance
- Astera Labs Opens New R&D Hub in Bengaluru to Drive AI and Cloud Innovation [Yahoo! Finance]Yahoo! Finance
- Astera Labs Opens New R&D Hub in Bengaluru to Drive AI and Cloud InnovationBusiness Wire
- Why Astera Labs Stock Jumped Today [Yahoo! Finance]Yahoo! Finance
ALAB
Earnings
- 8/6/24 - Beat
ALAB
Sec Filings
- 9/25/24 - Form 4
- 9/24/24 - Form 4
- 9/23/24 - Form 144
- ALAB's page on the SEC website