Astera Labs (ALAB) Stock Upgraded to Buy as Private Capital Floods AI Infrastructure

TLDR

• Northland upgraded ALAB to Outperform (Buy) with a $350 price target, implying ~9% upside from current levels.
• Analyst Gus Richard expects stronger earnings revisions and an extended AI infrastructure spending cycle pushing into 2027.
• A $200 billion Anthropic funding round and Nvidia’s $500 billion private capital announcement are seen as key catalysts.
• Astera Labs posted Q2 revenue of $392.4 million, up 104% year-over-year, beating EPS estimates by 15.9%.
• Q3 guidance of $540-$560 million is ahead of Wall Street’s prior consensus of $543.35 million.

Astera Labs is trading at $321.61 after Northland Securities upgraded the stock to Outperform from Market Perform, setting a price target of $350. That implies around 9% upside from where the stock sits today.

Astera Labs, Inc. Common Stock, ALAB

The upgrade comes from five-star analyst Gus Richard, who ranks 265 out of more than 12,479 analysts tracked by TipRanks. His track record on ALAB is clean, with a 100% success rate and an average return of 95.67% per rating over a one-year timeframe.

… Continue reading the full article at the original source below.