Analyst Blayne Curtis of Jefferies maintained a Buy rating on Astera Labs, Inc. (ALAB – Research Report), with a price target of $125.00.
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Blayne Curtis has given his Buy rating due to a combination of factors that highlight Astera Labs, Inc.’s growth potential. The company has demonstrated strong performance metrics, particularly with its ASIC ramps that involve major hyperscalers such as Amazon and Google. These developments, coupled with expected contributions from NVDA custom-Blackwell designs in the latter half of 2025, suggest a robust growth trajectory.
Additionally, Astera Labs, Inc.’s revenue from its Aries and Taurus SCMs significantly exceeded expectations, showcasing its ability to scale PCIe/Ethernet connectivity for AI configurations. Despite some concerns over gross margins due to a shift towards hardware solutions, the company’s strategic acquisitions and increased R&D activities indicate a commitment to long-term growth. These factors, along with promising developments in the Scorpio product line, underpin Curtis’s confidence in the company’s ability to surpass its financial targets and deliver strong earnings per share.
Curtis covers the Technology sector, focusing on stocks such as Nvidia, Broadcom, and Marvell. According to TipRanks, Curtis has an average return of 23.3% and a 63.13% success rate on recommended stocks.
In another report released today, J.P. Morgan also maintained a Buy rating on the stock with a $130.00 price target.