Overview
- Loop Capital began coverage with a Buy and a $250 price target, framing Astera Labs as the clearest AI silicon pure play outside Nvidia and citing its COSMOS software as a potential industry standard.
- Astera shares opened at $119 on Thursday, well below the 52‑week high of $262.90, with a market cap near $20.26 billion and a P/E around 97.5 as the stock trades under its 50‑ and 200‑day averages.
- Astera reported Q4 revenue of $270.6 million, up 91.8% year over year, with EPS of $0.58 beating estimates, and guided Q1 2026 EPS to $0.530–$0.540.
- Insiders sold 216,792 shares worth about $26.8 million over the past 90 days, and insider ownership stands near 12.5%, including recent sales by senior executives.
- Recent sell‑side moves include Citi trimming its target to $250 with a Buy and BofA lifting its target to $200 with a Neutral while flagging a $6.5 billion Amazon warrant that could shave roughly 200 basis points from gross margins.