Astera Labs (ALAB) Gets Double-Digit PT Upgrade Ahead of Earnings, Climbs 9%

Astera Labs Inc. (NASDAQ:ALAB) is one of the 10 Resilient Stocks in a Sea of Uncertainties.

Astera Labs extended its winning streak to a third consecutive day on Tuesday, jumping 9.20 percent to close at $191.97 apiece after RBC Capital raised its price target by double digits, ahead of the earnings outcome.

In a market note, RBC Capital upgraded its price target for Astera Labs Inc. (NASDAQ:ALAB) by 11 percent to $250 from $225 previously, while maintaining an “outperform” rating. The figure marked a 30 percent upside potential from its latest closing price.

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The coverage reflected the investment firm’s optimism for Astera Labs Inc. (NASDAQ:ALAB) to triple its revenues to $390 million from $130 million from the Scorpio switches alone, to be supported by expected sales from the Trainium-3 variant beginning in the third quarter of the year.

In other developments, Astera Labs Inc. (NASDAQ:ALAB) is scheduled to release the results of its earnings performance for the first quarter of the year after market close on May 5, 2026. A conference call will be held to elaborate on the results.

For the period, Astera Labs Inc. (NASDAQ:ALAB) is targeting to grow its revenues by 79 percent to 86 percent to a range of $286 million to $297 million, versus the $159.4 million in the same period a year earlier.

GAAP diluted earnings per share are projected to jump by 100 to 11 percent to a range of $0.36 to $0.38, versus $0.18 in the same comparable period. GAAP gross margin is pegged at 74 percent.

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