Astera Labs, Inc. (NASDAQ:ALAB) is one of the Most Promising New Technology Stocks to Buy According to Hedge Funds. Wall Street is bullish on Astera Labs, Inc. (NASDAQ:ALAB) since the company released its fiscal second-quarter results for 2025.
Astera Labs, Inc. (NASDAQ:ALAB) delivered a revenue of $191.93 million, up 149.74% and ahead of consensus by $19.47 million. The EPS of $0.44 also topped estimates by $0.12. Management also released its fiscal third-quarter financial outlook and expects revenue in the range of $203 million to $210 million.
Wall Street is Bullish on Astera Labs (ALAB), Here's Why
Several analysts have expressed their bullish sentiment on the stock since the release. For instance, on August 29, Joseph Moore from Morgan Stanley reiterated a Buy rating on the stock, while raising the price target from $155 to $200. More recently, on September 17, Atif Malik from Citi also raised the price target on the stock from $160 to $275, while keeping a Buy rating.
Astera Labs, Inc. (NASDAQ:ALAB) is a semiconductor company that designs connectivity solutions for cloud and AI infrastructure.
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Disclosure: None. This article is originally published at Insider Monkey.
[SRC] https://finance.yahoo.com/news/wall-street-bullish-astera-labs-081315378.html
