Astera Labs, Inc. (NASDAQ:ALAB) is one of the Most Promising New Technology Stocks to Buy According to Hedge Funds. Wall Street is bullish on Astera Labs, Inc. (NASDAQ:ALAB) since the company released its fiscal second-quarter results for 2025.
Astera Labs, Inc. delivered a revenue of $191.93 million, up 149.74% and ahead of consensus by $19.47 million. The EPS of $0.44 also topped estimates by $0.12. Management also released its fiscal third-quarter financial outlook and expects revenue in the range of $203 million to $210 million.
Several analysts have expressed their bullish sentiment on the stock since the release. For instance, on August 29, Joseph Moore from Morgan Stanley reiterated a Buy rating on the stock, while raising the price target from $155 to $200. More recently, on September 17, Atif Malik from Citi also raised the price target on the stock from $160 to $275, while keeping a Buy rating.
Astera Labs, Inc. is a semiconductor company that designs connectivity solutions for cloud and AI infrastructure.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
This article is originally published at Insider Monkey.