TD Cowen cuts target for Astera Labs stock to USD 300

Published on 10/26/2026 at 16:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 guidance spans USD 540 million to USD 560 million. Astera Labs stock costs EUR 236.50 on October 26, 2026 at 4:02 p.m. CEST in trading.

Analyst target and earnings date

TD Cowen cut its Astera Labs target from USD 375.00 to USD 300.00 on October 20, 2026.
Third-quarter revenue guidance spans USD 540 million to USD 560 million for the period ending September 30, 2026.
Astera Labs stock costs EUR 236.50 at Lang & Schwarz on October 26, 2026 at 4:02 p.m. CEST.
The company is scheduled to report third-quarter 2026 results on November 3, 2026.

Astera Labs, US04626A1034, Illustration mit AI erstellt.

TD Cowen cut its Astera Labs price target from USD 375.00 to USD 300.00 on October 20, 2026, while maintaining a Hold rating, according to MarketBeat. The new target stood 14.10 percent above the Nasdaq price of USD 262.91 at 11:06 a.m. ET on October 26, 2026. Astera Labs stock was trading at EUR 236.50 at Lang & Schwarz on October 26, 2026 at 4:02 p.m. CEST.

Third-quarter guide sets the test

Astera Labs guided third-quarter revenue to USD 540 million to USD 560 million for the period ending September 30, 2026. The midpoint of USD 550 million represents 40.16 percent growth from second-quarter revenue of USD 392.40 million, according to Yahoo Finance.

The same report said non-GAAP earnings per share guidance was USD 1.16 to USD 1.21, while non-GAAP gross margin was guided at 72.00 percent. That compares with a 73.70 percent gross margin in the second quarter, making the revenue ramp and margin mix the main operating markers for the upcoming release.

Stock remains below its yearly high

The Nasdaq price of USD 262.91 left Astera Labs 47.37 percent below its 52-week high of USD 499.48 and above its 52-week low of USD 97.89 on October 26, 2026. The company had a market capitalization of USD 45.6 billion and a price-to-earnings ratio of 129.78 on the same date.

The euro quotation moved independently of the primary-market snapshot in currency terms, so the Lang & Schwarz price remains the relevant figure for German investors. The Xetra listing carries the symbol 64B, while Astera Labs is listed on Nasdaq under ALAB, as identified on the company's investor-relations page.

What does November 3 put on the calendar?

Astera Labs lists its third-quarter 2026 earnings call for November 3, 2026 at 4:30 p.m. ET on its investor-relations page, which also identifies the company as Nasdaq-listed under ALAB. The call follows second-quarter revenue of USD 392.40 million and gives investors a dated test for the USD 540 million to USD 560 million outlook.

Valuation stays central

TD Cowen's USD 300.00 target sits above the Nasdaq quotation but below the higher targets cited in recent analyst coverage. The combination of a 129.78 price-to-earnings ratio, a 47.37 percent distance from the 52-week high and a September-quarter revenue midpoint of USD 550 million leaves execution central to the valuation discussion.

Trading level in euros

Astera Labs was trading at EUR 236.50 at Lang & Schwarz on October 26, 2026 at 4:02 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Astera Labs stock.