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Price
$97.52Annual ROE
26.87%Beta
2.84Events Calendar
Next earnings date:
Feb 10, 2025Recent quarterly earnings:
Nov 04, 2024Recent annual earnings:
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N/ANext split:
N/ARecent split:
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Astera Labs Inc (ALAB) shares bounced back in early trading on Tuesday, following a significant drop the day before due to a general decline in AI stocks.
Astera Labs (ALAB 0.63%) stock has dropped this week after receiving new analyst attention. The price fell by as much as 15.8% during Thursday's trading but later improved to a 7.1% decline for the week, based on information from S&P Global Market Intelligence.
SANTA CLARA, Calif., Jan. 09, 2025 (GLOBE NEWSWIRE) -- Astera Labs, Inc. (Nasdaq: ALAB), a top company in semiconductor connectivity solutions for AI and cloud systems, has announced that it will share its financial results for the fourth quarter of 2024 after the market closes on Monday, February 10, 2025.
Astera Labs' stock is doing well because there is a high demand for servers and data center infrastructure that support AI, even though there is tough competition in the market.
I analyze five of the best stocks for 2024, chosen for their price movements, financial health, and involvement in key technology trends. These stocks have high trading multiples, with IonQ at 230 times its expected revenue and Palantir at 63 times its expected revenue for 2021 and 32 times for 2027. The main point to note from these top tech stocks is that achieving success often comes with a significant cost.
Semiconductor stocks are currently in a great position due to strong future expectations, healthy financial statements, and recent positive trends. Stock expert Andrew Rocco explains why there is a high likelihood of rising prices in this important sector.
Nvidia remains the top company in producing chips for artificial intelligence (AI). Its strong presence in the data center market has led to significant revenue growth, reaching triple digits in recent years.
ALAB stock is gaining from high demand for servers and data center infrastructure that use AI technology, even though there is tough competition.
Astera Labs is becoming a key player in the rapidly growing artificial intelligence sector. The company has solid partnerships, promising future earnings per share predictions, and a strong foundation.
We are starting a 'Buy' recommendation for Astera Labs, setting a target price of $110 per share for the next year because of their impressive growth and innovative connectivity solutions. Their COSMOS software and high-speed products are essential for the growth of data centers, especially in AI and cloud computing. Recent financial results indicate a 206% increase in revenue compared to last year, and we anticipate further growth from upcoming product launches like the Scorpio X-Series and Taurus SCM.
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