Evercore ISI Raises Astera Labs Price Target Significantly
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 22 2026
0mins
Source: NASDAQ.COM
- Price Target Increase: Evercore ISI raised Astera Labs' price target from $215 to $297, a more than 38% increase, reflecting optimistic expectations for growing demand for its connectivity solutions, which is likely to further drive the stock price upward.
- Strong Stock Performance: As of 11:01 AM today, Astera Labs' stock has risen 34.3% since last Friday's close, demonstrating strong investor confidence in the company's position within the artificial intelligence infrastructure sector, contributing to its market capitalization growth.
- Impressive Quarterly Results: Astera Labs recently reported Q1 2026 revenue of $308.4 million, a 93% year-over-year increase, which not only exceeded market expectations but also solidified its market position in the AI industry.
- Increased Industry Attention: With multiple firms raising their price targets, including Barclays and Needham, Astera Labs is attracting more investor interest, and despite its current P/E ratio of 91, confidence in its future growth potential remains robust.
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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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