Forecasting The Future: 12 Analyst Projections For Astera Labs
Portfolio Pulse from Benzinga Insights
Astera Labs (NASDAQ:ALAB) has received mixed analyst ratings, with a recent trend of lowered price targets. The average 12-month price target is now $67.42, down from $80.83. Despite a significant revenue growth rate of 619.03%, the company faces challenges with profitability and returns on equity and assets.
October 09, 2024 | 1:00 pm
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Astera Labs has received mixed analyst ratings, with a recent trend of lowered price targets. The average 12-month price target is now $67.42, down from $80.83. Despite a significant revenue growth rate of 619.03%, the company faces challenges with profitability and returns on equity and assets.
The article highlights a downward trend in analyst price targets for Astera Labs, indicating a bearish sentiment. Despite strong revenue growth, the company's profitability metrics are below industry averages, which could negatively impact investor sentiment and short-term stock performance.
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