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Astera Labs, Inc. (ALAB)
NASDAQ: ALAB · IEX Real-Time Price · USD
60.50
+2.96 (5.14%)
At close: Jul 2, 2024, 4:00 PM
60.30
-0.20 (-0.33%)
After-hours: Jul 2, 2024, 7:57 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 86.09, with a low estimate of 81 and a high estimate of 100. The average target predicts an increase of 42.30% from the current stock price of 60.50.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $81 $86.09 $85 $100
Change +33.88% +42.30% +40.50% +65.29%
* Price targets were last updated on May 8, 2024.

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 Apr '24May '24Jun '24
Strong Buy 666
Buy 444
Hold 111
Sell 000
Strong Sell 000
Total 111111

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Quinn Bolton
Needham
 Needham
Strong Buy
Reiterates
$85
 Strong Buy Reiterates $85 +40.50% May 8, 2024
Mark Lipacis
Evercore ISI Group
 Evercore ISI Group
Buy
Initiates
$100
 Buy Initiates $100 +65.29% Apr 16, 2024
Suji Desilva
Roth MKM
 Roth MKM
Strong Buy
Initiates
$85
 Strong Buy Initiates $85 +40.50% Apr 15, 2024
Blayne Curtis
Jefferies
 Jefferies
Strong Buy
Initiates
$85
 Strong Buy Initiates $85 +40.50% Apr 15, 2024
Richard Shannon
Craig-Hallum
 Craig-Hallum
Strong Buy
Initiates
$90
 Strong Buy Initiates $90 +48.76% Apr 15, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
309.62M
from 115.79M
Increased by 167.39%
Revenue Next Year
443.46M
from 309.62M
Increased by 43.23%
EPS This Year
0.45
from -0.71
EPS Next Year
0.65
from 0.45
Increased by 43.37%
Year 202220232024202520262027
Revenue
79.87M115.79M309.62M443.46M623.43M824.60M
Revenue Growth
-44.97%167.39%43.23%40.58%32.27%
EPS
-1.71-0.710.450.650.981.35
EPS Growth
---43.37%51.42%37.71%
Forward PE
--134.1393.5561.7944.87
No. Analysts --131397
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 2024202520262027
High 322.8M 467.0M 665.5M 919.4M
Avg 309.6M 443.5M 623.4M 824.6M
Low 293.0M 421.4M 578.2M 769.0M

Revenue Growth

Revenue Growth 2024202520262027
High
178.7%
50.8%
50.1%
47.5%
Avg
167.4%
43.2%
40.6%
32.3%
Low
153.1%
36.1%
30.4%
23.4%

EPS Forecast

EPS 2024202520262027
High 0.49 0.75 1.09 1.53
Avg 0.45 0.65 0.98 1.35
Low 0.39 0.53 0.88 1.19

EPS Growth

EPS Growth 2024202520262027
High -
65.3%
68.9%
56.6%
Avg -
43.4%
51.4%
37.7%
Low -
17.3%
36.4%
21.1%
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.