11 Oversold NASDAQ Stocks to Buy Right Now

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7. Astera Labs, Inc. (NASDAQ:ALAB)

Perf YTD: -50.11%

Analyst Upside: 77.06%

Number of Hedge Fund Holders: 51

Astera Labs, Inc. (NASDAQ:ALAB) is a global semiconductor company that provides software and hardware solutions for AI and cloud infrastructure applications to solve memory, data, and networking bottlenecks. The company’s operations are divided into the following geographical segments: Taiwan, China, the United States, and Other.

In a report released on April 22, Thomas O’Malley from Barclays maintained a Buy rating on Astera Labs, Inc. (NASDAQ:ALAB) and set a price target of $70.00. The company has solid operations. It reported a record quarterly revenue of $141.1 million in fiscal Q4 2024, reflecting a 25% quarter-over-quarter and 179% year-over-year growth. It also reported record fiscal 2024 revenue of $396.3 million, up a notable 242% compared to last year. The strong revenue growth was attributed to the company’s Aries PCIe Retimer products, with Taurus Smart Cable Modules for Ethernet also performing solidly in fiscal Q4 2024.

Astera Labs, Inc. (NASDAQ:ALAB) expects 2025 to be a breakout year for the company, which is why analysts are bullish on the stock and it ranks seventh on our list of oversold NASDAQ stocks to invest in right now. The company is accelerating its operations across diverse platforms and customers with four product families. This includes its backend AI accelerator scale-up clustering and flagship Scorpio Fabric products for head-node PCIe connectivity.

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