From Nasdaq: 2024-04-30 09:11:28

Astera Labs shares have surged since the IPO, now trading at $85 with a market cap of $12.9 billion. Amazon owns a stake in Astera, with shares and warrants worth over $140 million. Analysts expect Astera’s sales to double in 2024, projecting a price target of $100. Evercore ISI is bullish on Astera, forecasting strong growth and profitability. The mean target price for Astera is $86.09, with a Street-high target of $100. Astera Labs is positioned to benefit from AI trends but faces concerns over high valuation multiples.



Read more at Nasdaq: Can Astera Labs Stock Reach $100 Per Share?