12 High Growth Semiconductor Stocks to Buy Now

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​6. Astera Labs, Inc. (NASDAQ:ALAB)

EPS Growth Next 5 Years: 45.32%

Number of Hedge Fund Holders: 53

Astera Labs, Inc. (NASDAQ:ALAB) is one of the High Growth Semiconductor Stocks to Buy Now. On June 24, Stifel raised the price target on Astera Labs, Inc. (NASDAQ:ALAB) from $260 to $460 and maintained a Buy rating on the shares. The stock has gained roughly 25% over the past month, propelled by its inclusion in the NASDAQ 100 Index.

​Stifel noted that the increase in the price target is based on a thesis that the firm released last year. The thesis suggested that analog players, including Astera Labs, Credo Technologies, and Marvell, were expected to have a potential breakout in 2026. Stifel noted that the prediction has been validated as all three stocks have delivered beat and raise quarters.

​Looking ahead at Q2, the firm believes that these names present buying opportunities rather than selling them due to market concerns. Stifel named Astera Labs as one of the names for long-term investors who want companies with strong technological advantages.

Astera Labs Inc. (NASDAQ:ALAB) is a global semiconductor company that provides hardware and software solutions for AI and cloud infrastructure applications to solve memory, data, and networking bottlenecks.

While we acknowledge the potential of ALAB to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ALAB and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 High Growth Semiconductor Stocks to Buy Now.

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