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Astera Labs (ALAB) Stock Price, News & Analysis

$71.99
+1.92 (+2.74%)
(As of 05/24/2024 ET)
Today's Range
$70.68
$72.82
50-Day Range
$64.15
$85.70
52-Week Range
$50.61
$95.21
Volume
854,594 shs
Average Volume
2.69 million shs
Market Capitalization
$11.21 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$86.09

Astera Labs MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
19.6% Upside
$86.09 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.58mentions of Astera Labs in the last 14 days
Based on 9 Articles This Week
Insider Trading
Acquiring Shares
$360,000 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.56) to ($0.05) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.96 out of 5 stars

Computer And Technology Sector

421st out of 588 stocks

Semiconductors & Related Devices Industry

69th out of 88 stocks

ALAB stock logo

About Astera Labs Stock (NASDAQ:ALAB)

Astera Labs, Inc. designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure. Its Intelligent Connectivity Platform is comprised of a portfolio of data, network, and memory connectivity products, which are built on a unifying software-defined architecture that enables customers to deploy and operate high performance cloud and AI infrastructure at scale. The company was incorporated in 2017 and is based in Santa Clara, California.

ALAB Stock Price History

ALAB Stock News Headlines

Astera Labs: AI Craze And Demand Continue
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Company Calendar

Today
5/24/2024
Next Earnings (Estimated)
8/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:ALAB
Previous Symbol
NASDAQ:ALAB
Fax
N/A
Employees
225
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$86.09
High Stock Price Target
$100.00
Low Stock Price Target
$81.00
Potential Upside/Downside
+19.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
11 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
N/A

Miscellaneous

Free Float
N/A
Market Cap
$11.22 billion
Optionable
Optionable
Beta
N/A
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Key Executives

  • Mr. Jitendra Mohan (Age 50)
    Co-Founder, CEO & Executive Director
    Comp: $492.13k
  • Mr. Philip Mazzara (Age 45)
    General Counsel & Secretary
    Comp: $491.59k
  • Mr. Sanjay Gajendra (Age 49)
    Co-Founder, President, COO & Director
  • Mr. Casey Morrison
    Co-Founder & Chief Product Officer
  • Mr. Michael T. Tate CPA (Age 58)
    Chief Financial Officer
  • Mr. Nicholas H. Aberle
    VP, Treasurer & Head of Investor Relations
  • Mr. Kelvin Khoo
    Senior Vice President of Corporate Development
  • Mr. Patrick Henderson
    Senior Vice President of Sales
  • Ms. Paroma Sen
    Vice president of Corporate Marketing
  • Mr. Kush Saxena
    Chief Human Resources Officer

ALAB Stock Analysis - Frequently Asked Questions

Should I buy or sell Astera Labs stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Astera Labs in the last twelve months. There are currently 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ALAB shares.
View ALAB analyst ratings
or view top-rated stocks.

What is Astera Labs' stock price target for 2024?

11 Wall Street research analysts have issued twelve-month target prices for Astera Labs' stock. Their ALAB share price targets range from $81.00 to $100.00. On average, they anticipate the company's share price to reach $86.09 in the next twelve months. This suggests a possible upside of 19.6% from the stock's current price.
View analysts price targets for ALAB
or view top-rated stocks among Wall Street analysts.

How have ALAB shares performed in 2024?

Astera Labs' stock was trading at $64.15 at the start of the year. Since then, ALAB shares have increased by 12.2% and is now trading at $71.99.
View the best growth stocks for 2024 here
.

When is Astera Labs' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024.
View our ALAB earnings forecast
.

What ETFs hold Astera Labs' stock?

ETFs with the largest weight of Astera Labs (NASDAQ:ALAB) stock in their portfolio include Roundhill Generative AI & Technology ETF (CHAT), Fidelity Blue Chip Growth ETF (FBCG) and American Century Focused Dynamic Growth ETF (FDG).

What guidance has Astera Labs issued on next quarter's earnings?

Astera Labs updated its second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided EPS guidance of 0.110-0.110 for the period, compared to the consensus earnings per share estimate of 0.060. The company issued revenue guidance of $71.8 million-$73.1 million, compared to the consensus revenue estimate of $63.8 million.

When did Astera Labs IPO?

Astera Labs (ALAB) raised $713 million in an initial public offering (IPO) on Wednesday, March 20th 2024. The company issued 19,800,000 shares at a price of $36.00 per share.

When did Astera Labs' quiet period expire?

Astera Labs' quiet period expired on Monday, April 29th. Astera Labs had issued 19,800,000 shares in its public offering on March 20th. The total size of the offering was $712,800,000 based on an initial share price of $36.00. During Astera Labs' quiet period, insiders and underwriters that worked on the IPO were restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Now that the company's quiet period has ended, brokerages that served as underwriters are now able to initiate research on the company.

Who are Astera Labs' major shareholders?

Astera Labs' stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (1.12%), Capital World Investors (0.39%), Price T Rowe Associates Inc. MD (0.39%), Bamco Inc. NY (0.32%), Lord Abbett & CO. LLC (0.29%) and Capital Research Global Investors (0.19%). Insiders that own company stock include Jack R Lazar and Philip Mazzara.
View institutional ownership trends
.

How do I buy shares of Astera Labs?

Shares of ALAB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:ALAB) was last updated on 5/24/2024 by MarketBeat.com Staff

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