Astera Labs (ALAB)

• Market cap: $19.5B
• 1 day: -1.17%
• 5 days: -7.28%
• 1 month: -9.31%
• 3 months: 80.04%
• 6 months: 132.16%
• Year to date: -8.68%
• 1 year: 98.21%
• 5 years: 98.21%
• 10 years: 98.21%
• Sector: Information Technology
• Industry: Semiconductors & Related Devices

About: Astera Labs Inc is a company that offers an Intelligent Connectivity Platform, comprised of Semiconductor-based, high-speed mixed-signal connectivity products that integrate a matrix of microcontrollers and sensors. COSMOS, their software suite which is embedded in its connectivity products and integrated into their customers' systems. The Company delivers critical connectivity performance, enables flexibility and customization, and supports observability and predictive analytics. This approach addresses the data, network, and memory bottlenecks, scalability, and other infrastructure requirements of hyperscalers and system original equipment manufacturers.

Employees: 267

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

408% more first-time investments, than exits

New positions opened: 122 | Existing positions closed: 24

174% more repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 27

141% more call options, than puts

Call options by funds: $250M | Put options by funds: $104M

65% more funds holding

Funds holding: 146 [Q2] → 241 (+95) [Q3]

50% more funds holding in top 10

Funds holding in top 10: 4 [Q2] → 6 (+2) [Q3]

22% more capital invested

Capital invested by funds: $3.22B [Q2] → $3.93B (+$713M) [Q3]

13.96% more ownership

Funds ownership: 34.18% [Q2] → 48.14% (+13.96%) [Q3]

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $100 19% downside
• Avg. target: $121 2% downside
• High target: $150 22% upside

9 analyst ratings

• positive: 7 78%
• neutral: 2 22%
• negative: 0 0%

Morgan Stanley Joseph Moore 69% 1-year accuracy 40 / 58 met price target	15% upside $142	Equal-Weight Downgraded	21 Jan 2025
Barclays Tom O'Malley 53% 1-year accuracy 24 / 45 met price target	10% upside $135	Overweight Maintained	17 Jan 2025
Stifel Tore Svanberg 72% 1-year accuracy 33 / 46 met price target	22% upside $150	Buy Maintained	6 Jan 2025
Northland Capital Markets Gus Richard 61% 1-year accuracy 20 / 33 met price target	2% downside $120	Market Perform Downgraded	2 Jan 2025
Citigroup Atif Malik 66% 1-year accuracy 33 / 50 met price target	2% downside $120	Buy Initiated	18 Nov 2024