Is Astera Labs, Inc. (ALAB) Stock Outpacing Its Computer and Technology Peers This Year?

Group 1 - Astera Labs, Inc. (ALAB) is currently ranked 1 (Strong Buy) in the Zacks Rank system, indicating a positive earnings outlook and strong performance potential [3] - The Zacks Consensus Estimate for ALAB's full-year earnings has increased by 70.9% over the past three months, reflecting improving analyst sentiment [4] - Year-to-date, ALAB has returned approximately 44.6%, outperforming the average return of 29.5% for the Computer and Technology sector [4] Group 2 - Astera Labs, Inc. is part of the Internet - Software industry, which consists of 168 stocks and is currently ranked 77 in the Zacks Industry Rank [6] - The Internet - Software industry has gained about 13.9% year-to-date, indicating that ALAB is performing better than its industry peers [6] - In comparison, Allegro MicroSystems, Inc. (ALGM), another stock in the Computer and Technology sector, has returned 32.4% year-to-date and has a Zacks Rank of 2 (Buy) [5]