Astera Labs (NASDAQ:ALAB) Upgraded at Wall Street Zen

Posted by Francis Steltz on Nov 10th, 2026

Wall Street Zen upgraded shares of Astera Labs (NASDAQ:ALAB – Free Report) from a hold rating to a buy rating in a research report report published on Saturday morning,Wall Street Zen reports.

Other analysts also recently issued research reports about the stock. Needham & Company LLC lowered their target price on shares of Astera Labs from $425.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, November 4th. Barclays boosted their price target on shares of Astera Labs from $200.00 to $325.00 and gave the stock an “equal weight” rating in a research note on Monday, July 20th. Roth Capital reissued a “buy” rating and set a $450.00 price target on shares of Astera Labs in a report on Wednesday, August 5th. Jefferies Financial Group raised their price objective on shares of Astera Labs from $270.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, Royal Bank Of Canada lowered their price objective on Astera Labs from $500.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, November 4th. Thirteen analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $320.85.

Check Out Our Latest Report on ALAB

Astera Labs Price Performance

Astera Labs stock opened at $216.87 on Friday. The business has a 50 day simple moving average of $299.01 and a 200-day simple moving average of $256.00. Astera Labs has a 12 month low of $97.89 and a 12 month high of $499.48. The stock has a market capitalization of $37.62 billion, a PE ratio of 97.93 and a beta of 3.85.

Astera Labs (NASDAQ:ALAB – Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.13. The firm had revenue of $584.90 million for the quarter, compared to analyst estimates of $550.78 million. Astera Labs had a net margin of 29.64% and a return on equity of 27.30%. Astera Labs’s quarterly revenue was up 153.6% on a year-over-year basis. During the same period last year, the firm posted $0.49 EPS. As a group, equities research analysts anticipate that Astera Labs will post 2.71 EPS for the current year.

Insiders Place Their Bets

In related news, COO Sanjay Gajendra sold 90,630 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $340.35, for a total transaction of $30,845,920.50. Following the sale, the chief operating officer owned 1,119,038 shares of the company’s stock, valued at approximately $380,864,583.30. The trade was a 7.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jitendra Mohan sold 90,630 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $340.35, for a total transaction of $30,845,920.50. Following the transaction, the chief executive officer owned 1,266,665 shares in the company, valued at $431,109,432.75. The trade was a 6.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 408,558 shares of company stock worth $126,050,884. Insiders own 10.40% of the company’s stock.

Institutional Investors Weigh In On Astera Labs

Several institutional investors have recently modified their holdings of the company. Harbour Investments Inc. raised its holdings in Astera Labs by 15.9% during the third quarter. Harbour Investments Inc. now owns 3,231 shares of the company’s stock worth $1,150,000 after purchasing an additional 444 shares during the last quarter. AlTi Global Inc. boosted its position in Astera Labs by 1.1% during the third quarter. AlTi Global Inc. now owns 5,977 shares of the company’s stock worth $2,128,000 after purchasing an additional 67 shares in the last quarter. Danica Pension Livsforsikringsaktieselskab purchased a new stake in Astera Labs during the third quarter worth $794,000. Danske Bank A S grew its holdings in Astera Labs by 9.4% in the third quarter. Danske Bank A S now owns 75,605 shares of the company’s stock valued at $26,913,000 after purchasing an additional 6,505 shares during the last quarter. Finally, Drive Wealth Management LLC grew its holdings in Astera Labs by 68.8% in the third quarter. Drive Wealth Management LLC now owns 1,065 shares of the company’s stock valued at $379,000 after purchasing an additional 434 shares during the last quarter. Hedge funds and other institutional investors own 60.47% of the company’s stock.

Trending Headlines about Astera Labs

Here are the key news stories impacting Astera Labs this week:

Positive Sentiment: Shares rallied alongside a broader tech-stock surge, providing a near-term market tailwind after a sharp recent pullback. Astera Labs rallies 14% on tech stock surge
Positive Sentiment: Strong business momentum may support investor confidence: third-quarter revenue was about $585 million, and fourth-quarter revenue guidance had a midpoint of $740 million. An analyst upgrade highlighted rising revenue per accelerator as customers adopt higher-value Scorpio switches, alongside opportunities in optical and rack-level solutions. Astera Labs Is Increasing Their Revenue Per Accelerator
Neutral Sentiment: The rebound follows a reported 26% five-session decline despite strong earnings and guidance. Competing semiconductor companies also reported robust data-center growth, underscoring strong sector demand but keeping the competitive backdrop in focus. Astera Labs Stock Drops 26% in a Week Despite Strong Earnings
Negative Sentiment: Director Stefan Dyckerhoff reported selling shares in two transactions at an average price of $211.41. The sales were made under a pre-arranged Rule 10b5-1 plan, which may temper their significance as a signal of his outlook. SEC Form 4 filing

Astera Labs Company Profile

(Get Free Report)

Astera Labs, Inc is a fabless semiconductor company that develops connectivity solutions for cloud and artificial intelligence infrastructure. Its products are designed to help move data among processors, accelerators, memory and other components in high-performance computing systems.

The company’s portfolio includes Aries PCIe and CXL retimers, Taurus Ethernet smart cable modules, Scorpio fabric switches and Leo CXL memory connectivity controllers. Astera Labs also offers software tools to help customers configure and monitor its connectivity products.

Founded in 2017 and headquartered in Santa Clara, California, Astera Labs serves the global cloud and computing markets.