Astera Labs (ALAB) Among Our Best Growth Stocks To Buy and Hold for the Next Decade
Key takeaways
- Astera Labs (ALAB) Among Our Best Growth Stocks To Buy and Hold for the Next Decade Talha Qureshi Sun, June 28, 2026 at 5:13 AM GMT+7 2 min read ALAB Astera Labs, Inc.
- The company joined the NASDAQ-100 index effective June 22, 2026.
- Recently, on June 4, Stifel reiterated a Buy rating on the stock with a price target of $260.
Astera Labs (ALAB) Among Our Best Growth Stocks To Buy and Hold for the Next Decade Talha Qureshi Sun, June 28, 2026 at 5:13 AM GMT+7 2 min read ALAB Astera Labs, Inc. (NASDAQ:ALAB) is one of the Best Growth Stocks to Buy and Hold for the Next Decade. Astera Labs, Inc. (NASDAQ:ALAB) has gained more than 37% over the past month driven by strong momentum from record Q1 2026 earnings and its recent addition to the NASDAQ-100 index.
The company joined the NASDAQ-100 index effective June 22, 2026. ALAB has benefitted from a surge in AI infrastructure demand. In fiscal Q1 2026, the company posted $308.36 million in revenue, reflecting 93% year-over-year increase. Management attributed the growth to be driven by robust demand for the PCIe 6 connectivity portfolio, which now accounts for over one-third of total quarterly revenue.
Recently, on June 4, Stifel reiterated a Buy rating on the stock with a price target of $260. The firm noted that the rating comes after investor meetings at its Cross-Sector 1-on-1 2026 conference in Boston. The firm met with former CFO and current Strategic Advisor Mike Tate, along with Head of IR Leslie Green, for a series of one-on-one investor discussions.