Wall Street Boosts Astera Labs (ALAB) PT as AI Infrastructure Demand Accelerates

Astera Labs, Inc. (NASDAQ:ALAB) is one of the Hot AI Stocks on Wall Street’s Radar. On December 9, H.C. Wainwright analyst Gus Richard raised the price target on the stock to $195.00 (from $175.00) and reiterated a “Buy” rating.

The firm is optimistic on the stock as it sees ALAB poised for growth amid accelerating AI infrastructure trends. According to Richard, Astera Labs is “well-positioned as the interconnect vendor of choice and rapidly growing its opportunity per rack”.

Besides stronger growth per rack, the analyst also sees future upside for the stock from NVLink Fusion and copackaged optics.

“We believe that ALAB is well positioned as the interconnect vendor of choice and rapidly growing its revenue opportunity per rack. Throughout CY26 ALAB will grow its Scorpio X revenue with increasingly larger switches in 2H:26. In CY27 its NVLink Fusion product will maintain if not grow its revenue per AI accelerator chip. Longer term ALAB is well positioned as copackaged optics move into the mainstream. We are lifting our PT to $195 on multiple expansion.”

Astera Labs, Inc. (NASDAQ:ALAB) is engaged in the design, manufacture, and selling of semiconductor-based connectivity solutions for cloud and AI infrastructure.

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