"so why would sapient aliens believe humans have any right to life?"
I'm suggesting that it doesn't matter and that there are other, more significant factors that render this concern moot.
"Humans have a non-zero probability of growing powerful enough to be an existential threat to the aliens, so the safest option is to preemptively eliminate them."
Non-zero, but near zero. The same sorts of constraints on resource coordination and how much one can likely play with the physics involved not only constrain our would be destroyers, but constrains us as well. Any aliens advanced enough to hear our signals and have the realistic ability to contemplate a move against us can probably do the math: the likely threat of any alien civilization is from a practical perspective, zero, to them or us. The costs are too high, the barriers are too high, the risks are too remote, the rewards are too low.
But here's a different perspective. While hand-wringing about the risks, we completely ignore the possible rewards of actually making contact.
Given that the benefits for all involved in knowledge transfer could well be non-zero and is much more likely to be accomplished. The only issue there is that it's likely to be very, very slow. So maybe they have knowledge about achieving commercial scale fusion energy production. Maybe they help us to understand the dangers of recursive AI (which I also think are overblown). Maybe they can help us understand how to colonize our own solar system (much more realistic than interstellar colonization). Maybe they can help us escape our tendency to indulge in distinctly emotional responses, especially when confronted with the unknown, and rely a little more on reason and rationality...
If I were to gamble on this topic, I'd bet on the more possible, optimistic outcome than on the less likely doomsday scenario. And in the meantime, I'm going to hop into my car (and thereby taking a real risk) and pick up my son from school. Cheers!