Astera Labs, Inc. (ALAB)
NASDAQ: ALAB · Real-Time Price · USD
70.16
-3.34 (-4.54%)
At close: Oct 31, 2024, 4:00 PM
70.50
+0.34 (0.48%)
After-hours: Oct 31, 2024, 7:43 PM EDT

Astera Labs Stock Forecast

Stock Price Forecast

The 11 analysts with 12-month price forecasts for Astera Labs stock have an average target of 71.27, with a low estimate of 60 and a high estimate of 85. The average target predicts an increase of 1.58% from the current stock price of 70.16.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $60 $71.27 $70 $85
Change -14.48% +1.58% -0.23% +21.15%

Analyst Ratings

The average analyst rating for Astera Labs stock from 11 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating May '24Jun '24Jul '24Aug '24Sep '24Oct '24
Strong Buy 666666
Buy 444455
Hold 111100
Sell 000000
Strong Sell 000000
Total 111111111111

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Morgan Stanley
Morgan Stanley
Buy
Maintains
$55$74
Buy Maintains $55$74 +5.47% Oct 9, 2024
Needham
Needham
Strong Buy
Reiterates
$65
Strong Buy Reiterates $65 -7.35% Oct 9, 2024
Morgan Stanley
Morgan Stanley
Buy
Upgrades
$55
Buy Upgrades $55 -21.61% Sep 4, 2024
Jefferies
Jefferies
Strong Buy
Maintains
$85$65
Strong Buy Maintains $85$65 -7.35% Aug 7, 2024
JP Morgan
JP Morgan
Buy
Maintains
$95$70
Buy Maintains $95$70 -0.23% Aug 7, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
355.13M
from 115.79M
Increased by 206.69%
Revenue Next Year
525.37M
from 355.13M
Increased by 47.94%
EPS This Year
0.59
from -0.71
EPS Next Year
0.86
from 0.59
Increased by 46.75%
Fiscal Year FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027
Period Ending Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026 Dec 31, 2027
Revenue
79.87M115.79M355.13M525.37M708.52M824.60M
Revenue Growth
-44.97%206.69%47.94%34.86%16.38%
EPS
-1.71-0.710.590.861.231.35
EPS Growth
---46.75%42.17%9.76%
Forward PE
--119.1581.1957.1152.03
No. Analysts --131397
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 2024202520262027
High 369.5M 648.4M 903.7M
Avg 355.1M 525.4M 708.5M
Low 336.1M 485.9M 578.4M

Revenue Growth

Revenue Growth 2024202520262027
High
219.1%
82.6%
72.0%
Avg
206.7%
47.9%
34.9%
Low
190.3%
36.8%
10.1%

EPS Forecast

EPS 2024202520262027
High 0.66 1.43 1.63
Avg 0.59 0.86 1.23
Low 0.53 0.66 0.88

EPS Growth

EPS Growth 2024202520262027
High -
143.6%
89.2%
Avg -
46.7%
42.2%
Low -
12.5%
2.1%
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.