Analysts Raise Their Projections for Astera Labs After Positive Q3 Performance
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Updated: Nov 05 20250mins
Financial Performance: Astera Labs Inc reported third-quarter revenue of $230.58 million, exceeding analyst expectations of $206.55 million, with adjusted earnings of 49 cents per share, surpassing estimates of 39 cents.
Future Projections: The company anticipates fourth-quarter revenue between $245 million and $253 million, with adjusted earnings expected to be between 50 and 51 cents per share, compared to estimates of 42 cents.
Market Reaction: Despite the positive earnings report, Astera Labs shares fell 6.4% to close at $179.31 on Tuesday.
Analyst Ratings: Following the earnings announcement, analysts from Needham and Stifel maintained a Buy rating on Astera Labs, raising their price targets to $220 and $200, respectively.
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Analyst Views on ALAB
Wall Street analysts forecast ALAB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ALAB is 204.58 USD with a low forecast of 155.00 USD and a high forecast of 275.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
10 Buy
4 Hold
1 Sell
Moderate Buy
Current: 144.340
Low
155.00
Averages
204.58
High
275.00
Current: 144.340
Low
155.00
Averages
204.58
High
275.00
JPMorgan
Harlan Sur
Overweight
maintain
$180 -> $215
2025-11-05
Reason
JPMorgan
Harlan Sur
Price Target
$180 -> $215
2025-11-05
maintain
Overweight
Reason
JPMorgan analyst Harlan Sur raised the firm's price target on Astera Labs to $215 from $180 and keeps an Overweight rating on the shares. The company reported strong results and guidance due to artificial intelligence demand and the ramp of new product cycles, the analyst tells investors in a research note. It sees Astera's "robust" pipeline supporting continued growth.
Stifel
Buy
maintain
$185 -> $200
2025-11-05
Reason
Stifel
Price Target
$185 -> $200
2025-11-05
maintain
Buy
Reason
Stifel raised the firm's price target on Astera Labs to $200 from $185 and keeps a Buy rating on the shares following a "strong" Q3 beat and "meaningful guidance raise." Astera's PCIe portfolio "already is in prime position" to capture meaningfully accelerating revenue in 2026 and 2027, even as the company expands its portfolio to address next-gen protocols, the analyst tells investors.
TD Cowen
Sean O'Loughlin
Hold
downgrade
$225 -> $170
2025-11-05
Reason
TD Cowen
Sean O'Loughlin
Price Target
$225 -> $170
2025-11-05
downgrade
Hold
Reason
TD Cowen analyst Sean O'Loughlin lowered the firm's price target on Astera Labs (ALAB) to $170 from $225 and keeps a Hold rating on the shares. The firm said they posted a strong set of results and guide, perhaps largely expected following Amazon's (AMZN) results last week, but magnitude of upside was notable nonetheless.
Roth Capital
Buy
maintain
$200 -> $225
2025-11-04
Reason
Roth Capital
Price Target
$200 -> $225
2025-11-04
maintain
Buy
Reason
Roth Capital raised the firm's price target on Astera Labs to $225 from $200 and keeps a Buy rating on the shares. The company reported solid results and guidance reflecting a continued healthy ramp across multiple product lines, and the firm is encouraged that Astera continues to gain traction into larger and higher average sales prices scale-up connectivity markets across a broadening range of hyperscale customers, the analyst tells investors in a research note.
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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
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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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