Astera Labs, Inc.(US:ALAB) Yahoo Finance·2025-11-29 06:11Group 1 - Astera Labs, Inc. (NASDAQ:ALAB) has been upgraded to "Outperform" by Northland analyst Gus Richard, with a price target of $175, highlighting strong confidence in the company's revenue growth driven by its relationship with hyperscalers, particularly Amazon [1] - In Q3 2025, Astera Labs reported a total revenue increase of 104% year-over-year, with a 128% increase for the nine months ending September 30, 2025, primarily due to higher unit shipments and increased demand for its products [2] - The company's operating income for Q3 2025 was $55.4 million, a significant turnaround from an operating loss of $8.8 million, driven by strong demand across its product portfolios as new AI platforms ramped up production [3] Group 2 - Astera Labs specializes in designing, manufacturing, and selling semiconductor-based connectivity solutions for cloud and AI infrastructure, indicating its strategic positioning in a growing market [4]