Astera Labs Trading Volume Plummets 48.14% Ranking 106th Despite Jefferies Bullish Outlook

On July 22, 2025, Astera Labs (ALAB) experienced a significant decline, with its trading volume dropping by 48.14% to 8.72 billion, ranking 106th in the day's market activity. The stock price of Astera Labs fell by 4.09%.

Jefferies has raised its price target for Astera Labs (ALAB) to $130 from $95, while maintaining a "Buy" rating. This adjustment reflects a bullish outlook on the company's future performance, particularly in the second half of 2026. The firm anticipates that Astera will supply Scorpio X for scale-up in Trainium 3 and introduce a new UAL switch for Trn4, which could drive significant growth. Additionally, Jefferies has increased its calendar 2027 EPS forecast to $2.81 from $2.32, indicating strong confidence in Astera's long-term prospects.

Analyst Blayne Curtis from Jefferies highlights that the firm's estimates for calendar 2026 are already above the consensus, suggesting that Astera Labs is poised for substantial upside. The optimistic earnings scenario by 2027, coupled with increased content assumptions across Trainium platforms, further supports the positive outlook for the company.