Streetbeat News

ALAB

Astera Labs Inc.

Industry

Semiconductor and Related Device Manufacturing

Open

87.00

Mkt cap

14B

Volume

High

89.15

P/E Ratio

-146.53

52-wk high

100.09

Low

85.02

Div yield

N/A

52-wk low

36.22

Several large-cap stocks experienced significant gains last week, with notable performances from Astera Labs, Symbotic, MicroStrategy, Affirm Holdings, Uber, Super Micro Computer, Robinhood Markets, Norwegian Cruise Line, Zscaler, Carnival, and Cloudflare. These gains were driven by various factors including product announcements, analyst upgrades, and strategic agreements.

Portfolio Pulse from Lekha Gupta

October 13, 2024 | 2:29 pm

Several information technology stocks experienced significant price movements during Wednesday's intraday session. Notable gainers included Banzai International, Sobr Safe, and Astera Labs, while NiSun Intl Enterprise Dev and Cemtrex were among the biggest losers.

Portfolio Pulse from Benzinga Insights

October 09, 2024 | 4:30 pm

The S&P 500 reached a new all-time high, driven by declining oil prices and anticipation of the Federal Reserve's meeting minutes. Cruise line stocks surged due to lower oil prices, while Alphabet faced potential asset divestiture. Pfizer rose after a significant investment by Starboard Value.

Portfolio Pulse from Piero Cingari

October 09, 2024 | 4:03 pm

U.S. stocks rose on Wednesday, with notable gains from Arcadium Lithium, MicroCloud Hologram, Helen of Troy, Astera Labs, and others. Arcadium Lithium surged 30.5% after announcing its acquisition by Rio Tinto. Norwegian Cruise Line and GitLab also saw significant gains following analyst upgrades.

Portfolio Pulse from Avi Kapoor

October 09, 2024 | 2:38 pm

Astera Labs Inc (NASDAQ:ALAB) shares rose after announcing new AI-focused fabric switches and receiving positive analyst coverage. The Scorpio Smart Fabric Switch portfolio aims to enhance AI infrastructure, with support from Nvidia. Analysts from Morgan Stanley and Needham raised their price targets for Astera Labs.

Portfolio Pulse from Adam Eckert

October 09, 2024 | 1:10 pm

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.

Portfolio Pulse from Benzinga Insights

October 09, 2024 | 1:00 pm

Astera Labs shares rose following the announcement of a new portfolio of fabric switches designed for AI infrastructure at cloud-scale. Morgan Stanley maintained an Overweight rating and increased its price target from $55 to $74.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 12:24 pm

In Wednesday's pre-market session, several information technology stocks experienced significant movements. Astera Labs (ALAB) led the gainers with a 16.5% increase, while Mobilicom (MOB) saw the largest decline at 17.8%.

Portfolio Pulse from Benzinga Insights

October 09, 2024 | 12:07 pm

Morgan Stanley analyst Joseph Moore has maintained an Overweight rating on Astera Labs (NASDAQ:ALAB) and raised the price target from $55 to $74.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 11:44 am

US stock futures indicate a marginally lower opening, with Nvidia gaining in premarket trading. Traders are focused on the Federal Reserve's meeting minutes and upcoming economic data. Nvidia's rise is attributed to positive demand commentary for its chips. The bull market is nearing its second anniversary, with expectations of continued gains.

Portfolio Pulse from Shanthi Rexaline

October 09, 2024 | 11:29 am

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