Astera Labs stock climbed more than 13% on May 20, 2026. RBC Capital Markets reiterated its Outperform rating for the company. Analysts increased the price target from $225 to $250.
RBC expects Amazon Web Services to integrate Scorpio X switches into Trainium3 racks. This integration follows an expanded partnership between Amazon and AI firm Anthropic.
Product shipments are projected to ramp up in the third quarter of 2026. This schedule establishes a revenue growth catalyst for the second half of the year. The market reaction reflects growing confidence in the company's role within the AI infrastructure sector.