Astera Labs (ALAB) Stock Price, News & Analysis

$85.00
+13.41 (+18.73%)
(As of 04/26/2024 08:52 PM ET)
Today's Range
$70.20
$85.27
50-Day Range
N/A
52-Week Range
$50.61
$95.21
Volume
3.01 million shs
Average Volume
3.00 million shs
Market Capitalization
$12.96 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$86.09
ALAB stock logo

About Astera Labs Stock (NASDAQ:ALAB)

Astera Labs, Inc. designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure. Its Intelligent Connectivity Platform is comprised of a portfolio of data, network, and memory connectivity products, which are built on a unifying software-defined architecture that enables customers to deploy and operate high performance cloud and AI infrastructure at scale. The company was incorporated in 2017 and is based in Santa Clara, California.

ALAB Stock Price History

ALAB Stock News Headlines

Astera Labs (NASDAQ:ALAB) Shares Up 8.7%
AI finds its first serious application
AI has infiltrated so many sectors, it's sent the demand for AI-friendly GPU computer chips rocketing. Nvidia has gone up more than 3x in the past year. It is now valued well over $2 trillion, making it one of the largest companies in the world.
Astera Labs (NASDAQ:ALAB) Shares Gap Up to $65.79
AI finds its first serious application
AI has infiltrated so many sectors, it's sent the demand for AI-friendly GPU computer chips rocketing. Nvidia has gone up more than 3x in the past year. It is now valued well over $2 trillion, making it one of the largest companies in the world.
Astera Labs (NASDAQ:ALAB) Shares Gap Down to $70.92
Astera Labs (NASDAQ:ALAB) Shares Down 5.5%
Astera Labs Inc ALAB
Astera Labs, Inc. (ALAB)
Astera Labs (NASDAQ: ALAB)
See More Headlines
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Company Calendar

Today
4/28/2024
Next Earnings (Confirmed)
5/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:ALAB
Previous Symbol
NASDAQ:ALAB
Fax
N/A
Employees
225
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$86.09
High Stock Price Target
$100.00
Low Stock Price Target
$81.00
Potential Upside/Downside
+1.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
11 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
N/A

Miscellaneous

Free Float
N/A
Market Cap
$12.96 billion
Optionable
Optionable
Beta
N/A
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Key Executives

  • Mr. Jitendra Mohan (Age 50)
    Co-Founder, CEO & Executive Director
    Comp: $492.13k
  • Mr. Philip Mazzara (Age 45)
    General Counsel & Secretary
    Comp: $491.59k
  • Mr. Sanjay Gajendra (Age 49)
    Co-Founder, President, COO & Director
  • Mr. Casey Morrison
    Co-Founder & Chief Product Officer
  • Mr. Michael T. Tate CPA (Age 58)
    Chief Financial Officer
  • Mr. Nicholas H. Aberle
    VP, Treasurer & Head of Investor Relations
  • Mr. Kelvin Khoo
    Senior Vice President of Corporate Development
  • Mr. Patrick Henderson
    Senior Vice President of Sales
  • Ms. Paroma Sen
    Vice president of Corporate Marketing
  • Mr. Kush Saxena
    Chief Human Resources Officer

ALAB Stock Analysis - Frequently Asked Questions

Should I buy or sell Astera Labs stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Astera Labs in the last year. There are currently 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ALAB shares.
View ALAB analyst ratings
or view top-rated stocks.

What is Astera Labs' stock price target for 2024?

11 analysts have issued 12-month target prices for Astera Labs' stock. Their ALAB share price targets range from $81.00 to $100.00. On average, they predict the company's share price to reach $86.09 in the next twelve months. This suggests a possible upside of 1.3% from the stock's current price.
View analysts price targets for ALAB
or view top-rated stocks among Wall Street analysts.

How have ALAB shares performed in 2024?

Astera Labs' stock was trading at $64.15 on January 1st, 2024. Since then, ALAB shares have increased by 32.5% and is now trading at $85.00.
View the best growth stocks for 2024 here
.

When is Astera Labs' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our ALAB earnings forecast
.

How can I listen to Astera Labs' earnings call?

Astera Labs will be holding an earnings conference call on Tuesday, May 7th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 609-800-9909.

What ETFs hold Astera Labs' stock?

ETFs with the largest weight of Astera Labs (NASDAQ:ALAB) stock in their portfolio include Roundhill Generative AI & Technology ETF (CHAT) and American Century Focused Dynamic Growth ETF (FDG).

When did Astera Labs IPO?

Astera Labs (ALAB) raised $713 million in an IPO on Wednesday, March 20th 2024. The company issued 19,800,000 shares at $36.00 per share.

When did the company's quiet period expire?

Astera Labs' quiet period expired on Monday, April 29th. Astera Labs had issued 19,800,000 shares in its public offering on March 20th. The total size of the offering was $712,800,000 based on an initial share price of $36.00. During the company's quiet period, insiders and any underwriters involved in the IPO were prevented from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Now that the company's quiet period has ended, brokerages that served as underwriters are now able to initiate research on the company.

Who are Astera Labs' major shareholders?

Astera Labs' stock is owned by many different retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.16%), Seven Grand Managers LLC (0.03%) and Value Aligned Research Advisors LLC (0.02%).
View institutional ownership trends
.

How do I buy shares of Astera Labs?

Shares of ALAB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:ALAB) was last updated on 4/29/2024 by MarketBeat.com Staff

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