NASDAQ:ASTA News 18 January 2026 - 24 January 2026

Astera Labs shares fell 3.8% to $169.66 after the company announced initial shipments and new features for its Scorpio X-Series switches. The drop followed a broader chip sector decline. Investors are watching for Astera’s next earnings report on Feb. 10 amid volatility and upcoming major tech results.

Astera Labs shares rose 4.3% to close at $182 Friday after Barclays raised its price target to $165, maintaining an Equal Weight rating. The stock was steady in after-hours trading. Investors await Tuesday’s market reopening and Astera’s quarterly results on Feb. 10.