William Blair analyst Sebastien Naji has maintained their bullish stance on ALAB stock, giving a Buy rating on October 23.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Sebastien Naji has given his Buy rating due to a combination of factors including Astera Labs’ strong performance driven by increasing demand for AI and the introduction of new products like the Scorpio P-series and Taurus 800 gig Ethernet solutions. These advancements are expected to significantly enhance the company’s revenue, particularly as the Scorpio P series begins to generate substantial income, with further growth anticipated from the Scorpio X series in 2026.
Additionally, Astera Labs is well-positioned to capture a larger market share in the Ethernet AEC sector as the industry transitions to 800 GE. The company’s focus on silicon modules rather than complete cables allows it to scale effectively with demand, potentially gaining an edge over competitors. Despite the stock’s high valuation, Naji sees room for further appreciation over the next year as these new products contribute to revenue growth.
In another report released on October 23, Roth MKM also maintained a Buy rating on the stock with a $200.00 price target.