Astera Labs Q4 Earnings: Setting The Stage For Another Breakout Year
Summary
- Astera Labs reported its sixth consecutive quarter of record revenues and posted its first quarter of GAAP profitability as a public company in Q4 2024.
- Astera Labs’ robust growth and better cost management are leading to impressive free cash flow generation.
- I expect Astera Labs’ topline and bottom line performance to further improve in 2025 due to hyperscalers’ AI CapEx outlook and the production ramp up of Leo and Scorpio products.
- I’m reiterating my strong buy rating for Astera Labs and maintaining my price target of $393 per share by 2028.
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