Astera Labs’ consensus price target has risen to $182.62 as analysts cite strong adoption of the Scorpio P PCIe switch, broader AI platform exposure, and growing per-system revenues, partially tempered by valuation concerns.
Analyst Commentary
- Bullish analysts highlight the successful ramp-up of the Scorpio P PCIe switch, contributing to revenue upside, particularly for AI rack scale-out applications.
- Continued momentum is expected due to the upcoming launch and adoption of new products.
- Greater diversification across multiple AI platforms is anticipated to broaden the company’s growth opportunities.
- Analysts note an increase in per-system content, which could lead to higher average revenue per customer.
- Some caution is maintained due to valuation concerns, with certain analysts retaining a neutral stance despite positive business trends.
What's in the News
- Astera Labs expects Q3 revenue between $203 million and $210 million, GAAP gross margin of approximately 75%, and GAAP diluted EPS of $0.23 to $0.24.
- Astera Labs was dropped from multiple Russell Value indices, including the Russell 1000, 2500, 3000, Small Cap, Midcap, and Composite Value indices.
Valuation Changes
Summary of Valuation Changes for Astera Labs
- The Consensus Analyst Price Target has risen slightly from $175.44 to $182.62.
- The Future P/E for Astera Labs has risen slightly from 113.51x to 117.81x.
- The Discount Rate for Astera Labs remained effectively unchanged, moving only marginally from 10.06% to 9.95%.
Disclaimer
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