Here’s Why Astera Labs (ALAB) is Down More than 12% Since Q3 2025 Results

​Astera Labs, Inc. (NASDAQ:ALAB) is one of the Best Up and Coming Tech Stocks to Buy. Astera Labs, Inc. (NASDAQ:ALAB) share price has fallen more than 12% since the release of its fiscal Q3 2025 results on November 4. The share price continues to fall despite the company beating earnings expectations during the quarter.

​Wall Street has had a mixed opinion on the stock since the earnings release. On November 20, Karl Ackerman from Exane BNP Paribas initiated the stock with a Buy rating and a $225 price target. However, on the same day, Simon Leopold from Raymond James initiated a Hold rating on the stock without disclosing any price targets.

Close-up of Silicon Die are being Extracted from Semiconductor Wafer and Attached to Substrate by Pick and Place Machine. Computer Chip Manufacturing at Fab. Semiconductor Packaging Process.

​During the quarter, Astera Labs, Inc. (NASDAQ:ALAB) grew its revenue by 103.89% year-over-year to $230.58 million, surpassing estimates by $24.15 million. The EPS of $0.49 also topped the consensus by $0.10. Management attributed growth to robust demand across its signal conditioning, smart cable module (SCM), and switch fabric portfolios.

​Looking ahead, management expects fiscal fourth quarter revenue in the range of $245 million to $253 million, ahead of Wall Street estimates of $215.1 million.

​Astera Labs, Inc. (NASDAQ:ALAB) is engaged in designing, manufacturing, and selling semiconductor-based connectivity solutions for cloud and AI infrastructure.

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Disclosure: None. This article is originally published at Insider Monkey.