Stifel: Astera Labs (ALAB.US) is capable of handling supply chain constraints, reiterates "Buy" rating

According to Jinse Finance APP, Stifel analyst Tore Svanberg reiterated a "Buy" rating on Astera Labs (ALAB.US) and set a target price of $174. This rating reflects the institution's optimism that Astera Labs can effectively address potential supply chain constraints, especially those related to advanced process nodes at TSMC (TSM.US).

Stifel emphasized that TSMC's early investment in the company helped secure manufacturing capacity even amid industry-wide shortages. Astera Labs is dedicated to designing, manufacturing, and selling semiconductor-based connectivity solutions for cloud and artificial intelligence infrastructure.

Stifel's analyst stated: "We believe Astera Labs remains well-positioned to continue effectively addressing potential supply chain constraints, particularly in TSMC's advanced process nodes. TSMC's early investment in Astera Labs, combined with the overlap between the company's customers and TSMC's customer base, also helps secure capacity, thereby supporting the company's rapid growth even as the industry faces widespread substrate and manufacturing tightness."