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Jun 3 at 04:45 PM
I just looked over the fundamentals for $Astera Labs(ALAB.US) and I don't understand the new Bull thesis.
Right now, Astera is trading at,- Forward P/E near 85 - P/S near 62 - PEG near 2When you compare that to a dominant sector leader like $Broadcom(AVGO.US), which currently trades at a forward P/E of roughly 25 and a P/S near 35, and PEG just 0.5, $Astera Labs(ALAB.US) is extremely overvalued in my books. I might take a technical swing trade if the setup is clean, but fundamentally it is completely untouchable for me.
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