Astera Labs, Inc. (NASDAQ:ALAB) is one of the On May 19, 2026, Evercore ISI raised the firm’s price target on Astera Labs, Inc. (NASDAQ:ALAB) to $297 from $215 and kept an Outperform rating on the shares.
Following a new round of Q1 AI channel checks, the firm said key themes included a shift from AI training-driven workloads toward inference-driven workloads by the end of 2026
Evercore added that the transition is increasing focus on cost-per-token, return on investment, and total cost of ownership, which is driving greater hyperscaler interest in internally developed ASICs and alternative accelerators. Needham also raised the firm’s price target on Astera Labs, Inc. (NASDAQ:ALAB) to $260 from $220 and keeps a Buy rating on the shares. The firm said the company delivered another significant beat-and-raise quarter, supported by growth across its Scorpio, Aries, and Taurus product families.
Needham also noted that Astera Labs expects its optical portfolio to begin ramping in FY27, leveraging technology obtained through the aiXscale acquisition. Close-up of Silicon Die are being Extracted from Semiconductor Wafer and Attached to Substrate by Pick and Place Machine. Computer Chip Manufacturing at Fab.