智通财经网·2026-02-11 15:01Core Viewpoint - Astera Labs has become a focal point on Wall Street following its latest earnings report and guidance, alongside its collaboration with Amazon, leading to a stock price decline of over 16% due to related uncertainties [1]. Group 1: Earnings Performance - The latest quarterly performance of Astera Labs was strong, with significant growth in the Scorpio "P" series, PCIe Gen6 retimers, and Taurus networking products [1]. - Analysts noted that while the revenue growth is robust, it is partially offset by aggressive expansion plans [2]. Group 2: Analyst Ratings and Price Targets - Morgan Stanley analyst Joseph Moore maintains an "Overweight" rating with a target price of $210, highlighting the potential of the Scorpio X related to Amazon's Trainium 3 [1]. - Needham analyst N. Quinn Bolton maintains a "Buy" rating with a target price of $220, citing the focus on cloud and AI infrastructure connectivity as a significant growth driver [2]. Group 3: Future Outlook and Risks - Morgan Stanley's analysis indicates that the partnership with Amazon could lead to a potential additional revenue of up to $6.5 billion from the warrant transaction [2]. - Concerns were raised regarding the impact of Amazon's warrant acquisition, unfavorable SKU structure, and increased hardware sales proportion on future gross margins [1].