Northland Capital Markets has upgraded Astera Labs Inc (ALAB) to Outperform from Market Perform as of November 16, 2025. The current stock price stands at $139.52.
This upgrade indicates a more optimistic view on Astera Labs' prospects, potentially reflecting improved fundamentals or stronger-than-expected business performance. The semiconductor company, headquartered in San Jose, California, specializes in providing hardware and software solutions for AI and cloud infrastructure applications. Astera Labs has developed its Intelligent Connectivity Platform to address data, memory, and networking bottlenecks, enabling customers to operate high-performance cloud and AI infrastructure at scale.
As of November 18, 2025, Astera Labs boasts a market capitalization of $23.9 billion, with a trailing P/E ratio of 120.09 and an EPS of 1.13. Looking ahead, the company is set to report earnings on August 2, 2026, with estimates of $0.55 EPS and $277.3 million in revenue.
Analyst ratings, such as this upgrade, provide insights based on research and financial models but should be considered alongside various factors, including company fundamentals and market trends. As of November 1, 2025, the consensus among analysts is a Buy, with 6 Strong Buy, 13 Buy, and 5 Hold ratings recorded. Recent performance has been strong, with the company exceeding EPS estimates in the last four quarters, indicating a positive trajectory in its financial health.