Astera Labs Stock Hits All-Time High Amid Bullish Ratings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 21 2026
0mins
Source: Yahoo Finance
- Stock Surge: Astera Labs' stock surged 17.69% on Wednesday, closing at $287.48 per share, marking an all-time high, primarily driven by Evercore ISI's outperform rating and a $297 price target, reflecting strong investor confidence in its growth prospects.
- Investor Interest: Following CEO Jitendra Mohan's participation at the JPMorgan Global Technology, Media, and Communications Conference, investors loaded up on Astera Labs shares, further enhancing market interest in its AI data center networking solutions, indicating the company's leadership in technology.
- New Product Launch: Earlier this month, Astera Labs unveiled the Scorpio X-Series 320 Lane memory-semantic fabric switch, designed to improve token economics and support large-scale clusters, showcasing its technological innovation capabilities in high-performance computing and AI applications.
- Upcoming Events: The company is set to participate in the 54th Annual Technology, Media & Telecom Conference by TD Cowen on May 27 and the Evercore Global TMT Conference on June 3, which will further enhance its market visibility and investor confidence.
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Analyst Views on ALAB
Wall Street analysts forecast ALAB stock price to fall
19 Analyst Rating
14 Buy
5 Hold
0 Sell
Moderate Buy
Current: 349.170
Low
155.00
Averages
206.18
High
250.00
Current: 349.170
Low
155.00
Averages
206.18
High
250.00
About ALAB
Astera Labs, Inc. is a global semiconductor company. The Company provides semiconductor-based connectivity solutions for cloud and artificial intelligence (AI) infrastructure. It has developed and deployed its Intelligent Connectivity Platform built from the ground up for cloud and AI infrastructure. Its Intelligent Connectivity Platform provides its customers with the ability to deploy and operate high-performance cloud and AI infrastructure at scale, addressing an increasingly diverse set of requirements. It provides its connectivity products in various form factors, including Integrated Circuits (ICs), boards, and modules. Its PCIe, CXL and Ethernet semiconductor-based connectivity solutions are purpose-built to unleash the potential of accelerated computing at cloud-scale. The Company’s products include Aries products, which include its COSMOS software suite; Taurus products, which are hardware modules based on its Taurus ICs; Leo products; and Scorpio products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Technical Talk Schedule: On June 3, executives from Astera Labs will share insights during technical discussions on the evolving boundary of copper and optical technologies, next-gen retimers for AI systems, and optimizing inference tokenomics with KV cache, showcasing the company's technological leadership in the industry.
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- Industry Collaboration Opportunities: The event provides media and industry analysts direct access to Astera Labs' leadership, aiming to drive rapid deployment of AI infrastructure through technical demonstrations and ecosystem conversations, further solidifying Astera Labs' competitive advantage in the market.
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- Marvell Growth Outlook: Marvell expects fiscal 2027 revenue to grow over 30% year-over-year to nearly $11 billion, with a further 40% increase projected for fiscal 2028, highlighting its robust growth potential in custom AI chips and optical interconnect technologies.
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See More
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- Marvell Technology Outlook: Marvell anticipates a more than 30% year-over-year revenue growth to nearly $11 billion in fiscal 2027, with a further 40% increase projected for fiscal 2028, showcasing robust growth potential in custom AI chips and high-speed connectivity markets.
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