Streetbeat News

ALAB

Astera Labs Inc.

Industry

Semiconductor and Related Device Manufacturing

Open

67.78

Mkt cap

12B

Volume

3.7M

High

72.43

P/E Ratio

-112.78

52-wk high

147.39

Low

67.50

Div yield

N/A

52-wk low

36.22

U.S. stocks saw significant gains on Thursday, with the Dow Jones index rising by around 350 points. Cisco Systems, Inc. (NASDAQ:CSCO) led the charge with an 8.4% increase following better-than-expected earnings. Other notable gainers included AST SpaceMobile, Inc. (NASDAQ:ASTS), Gambling.com Group Limited (NASDAQ:GAMB), and Ulta Beauty, Inc. (NASDAQ:ULTA), among others.

Portfolio Pulse from Avi Kapoor

August 15, 2024 | 2:46 pm

Shares of semiconductor and chip stocks are trading higher amid an overall market rebound after softer-than-expected jobless claims possibly alleviated some US economic concerns.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 5:14 pm

Astera Labs (NASDAQ:ALAB) has been analyzed by 9 analysts in the last three months, showing a range of perspectives from bullish to bearish. The average 12-month price target has decreased by 22.64% to $68.33. Analysts have recently lowered their ratings and price targets, reflecting changing market dynamics and company performance. Despite a positive revenue growth rate of 269.44%, the company faces challenges with profitability, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 9:00 pm

JP Morgan analyst Harlan Sur maintains an Overweight rating on Astera Labs (NASDAQ:ALAB) but lowers the price target from $95 to $70.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:58 pm

Deutsche Bank analyst Ross Seymore maintains a Buy rating on Astera Labs (NASDAQ:ALAB) but lowers the price target from $85 to $60.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:33 pm

Roth MKM analyst Suji Desilva maintains a Buy rating on Astera Labs (NASDAQ:ALAB) but lowers the price target from $85 to $60.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:00 pm

Barclays analyst Tom O'Malley maintains an Overweight rating on Astera Labs (NASDAQ:ALAB) but lowers the price target from $85 to $70.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 4:34 pm

Morgan Stanley analyst Joseph Moore maintains an Equal-Weight rating on Astera Labs (NASDAQ:ALAB) but lowers the price target from $85 to $55.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 4:24 pm

Craig-Hallum analyst Richard Shannon maintains a Buy rating on Astera Labs (NASDAQ:ALAB) but lowers the price target from $90 to $75.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 4:14 pm

Astera Labs shares are trading lower after the company reported Q2 financial results. Needham and Evercore ISI Group lowered their respective price targets on the stock.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 3:05 pm

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