Astera Labs rises as Citi starts with Buy rating

seekingalpha11-18

da-kuk/E+ via Getty Images Astera Labs (NASDAQ:ALAB) was in focus on Monday as Citi initiated coverage on the semiconductor company with a Buy rating and $120 price target. Shares rose 3.5% in ...

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Shares rose 3.5% in ...</p>\n\n<a href=\"https://seekingalpha.com/news/4302061-astera-labs-rises-as-citi-starts-with-buy-rating\">Source Link</a>\n\n</div>\n","source":"seekingalpha_trending_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Astera Labs rises as Citi starts with Buy rating</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAstera Labs rises as Citi starts with Buy rating\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-18 21:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4302061-astera-labs-rises-as-citi-starts-with-buy-rating><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>da-kuk/E+ via Getty Images  Astera Labs (NASDAQ:ALAB) was in focus on Monday as Citi initiated coverage on the semiconductor company with a Buy rating and $120 price target. Shares rose 3.5% in ...</p>\n\n<a href=\"https://seekingalpha.com/news/4302061-astera-labs-rises-as-citi-starts-with-buy-rating\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ALAB","symbol_name":"Astera Labs, Inc.","start_time":0,"source_url":"https://seekingalpha.com/news/4302061-astera-labs-rises-as-citi-starts-with-buy-rating","article_id":"2484966065","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1464561797/image_1464561797.jpg?io=getty-c-w750"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484966065","pubTimestamp":1731937717,"sourceInfo":{"source_id":"seekingalpha_trending_news","name":"Seeking Alpha Trending News"},"weMediaInfo":null,"summary":"da-kuk/E+ via Getty Images  Astera Labs  was in focus on Monday as Citi initiated coverage on the semiconductor company with a Buy rating and $120 price target. Shares rose 3.5% in premarket trading. Noting the company's retimers are in more than 80% of artificial intelligence servers and have a differentiated software that can help with transmission issues, Astera Labs gives investors \"a unique optionality\" as it is directly exposed to Nvidia  and hyperscalers, like Amazon  Web Services, analyst Atif Malik said.  \"While the stock is +43% since its IPO in March, we see 35%+ further upside potential based on our proprietary bottoms up model using 1.3x-1.5x retimer to GPU ratio driving C25/C26 sales 12%/10% above Street,\" Malik wrote in a note to clients. In addition to retimers and memory pooling and extension through CXL technology with Astera's Leo products, the recently announced Scorpio business should boost Astera's total addressable market to $12B, Malik explained. Lastly, its Cos","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"ALAB":"Astera Labs, Inc."},"translate_title":"花旗开始给予买入评级，Astera Labs股价上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ALAB":1},"content_text":"da-kuk/E+ via Getty Images  Astera Labs (NASDAQ:ALAB) was in focus on Monday as Citi initiated coverage on the semiconductor company with a Buy rating and $120 price target. Shares rose 3.5% in premarket trading. Noting the company's retimers are in more than 80% of artificial intelligence servers and have a differentiated software that can help with transmission issues, Astera Labs gives investors \"a unique optionality\" as it is directly exposed to Nvidia (NVDA) and hyperscalers, like Amazon (AMZN) Web Services, analyst Atif Malik said.  \"While the stock is +43% since its IPO in March, we see 35%+ further upside potential based on our proprietary bottoms up model using 1.3x-1.5x retimer to GPU ratio driving C25/C26 sales 12%/10% above Street,\" Malik wrote in a note to clients. In addition to retimers and memory pooling and extension through CXL technology with Astera's Leo products, the recently announced Scorpio business should boost Astera's total addressable market to $12B, Malik explained. Lastly, its Cosmos software is a \"significant differentiator\" and it has \"high\" M&A appeal, given its ties to Amazon and Nvidia, Malik said.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484966065"}