5 Best New Stocks To Buy According To Analysts

3. Astera Labs, Inc. (NASDAQ:ALAB)

IPO Date: 03/20/2024

Number of Hedge Fund Holders: N/A

Average Analyst Price Target Upside: 25.2%

Astera Labs, Inc. (NASDAQ:ALAB) is a California-based company that is engaged in designing, manufacturing, and selling semiconductor-based connectivity solutions for cloud and AI infrastructure.

As of May 10, based on 11 Wall Street analysts’ ratings, Astera Labs, Inc. (NASDAQ:ALAB) has a consensus of Strong Buy. The average price target of $87.73 represents an upside of 25.2% from the present levels.

Follow Astera Labs Inc.