Astera Labs, Inc. stock has dropped over 45% from its 52-week high, but analysts remain confident. BNP Paribas initiated coverage with an “Outperform” rating and $225 price target, citing potential revenue growth from Amazon’s Trainium systems. Astera is a key player in AI Infrastructure 2.0, providing connectivity solutions for rack-scale AI systems. The company recently reported record revenue of $230.6 million for Q3, with non-GAAP EPS of $0.49. Analysts expect EPS to surge in fiscal 2025 and 2026. Overall, analysts have a consensus “Moderate Buy” rating with a price target of $205.31, indicating a potential upside of 44.8%.

Read more at Barchart: Down 45% From Its 52-Week High, Wall Street Still Loves This Semiconductor Stock