Astera Labs (NASDAQ:ALAB) Coverage Initiated by Analysts at Stifel Nicolaus

Stifel Nicolaus initiated coverage on shares of Astera Labs (NASDAQ:ALAB) in a research report sent to investors on Monday, MarketBeat Ratings reports. The firm issued a buy rating and a $81.00 price objective on the stock.

A number of other brokerages have also recently commented on ALAB. Roth Mkm assumed coverage on shares of Astera Labs in a research note on Monday. They set a buy rating and a $85.00 price target for the company. Northland Securities assumed coverage on shares of Astera Labs in a research note on Monday, March 25th. They set an outperform rating and a $85.00 price target for the company. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of Buy and an average price target of $86.09.

Astera Labs Trading Down 1.8 %

NASDAQ ALAB opened at $73.21 on Monday. Astera Labs has a twelve month low of $50.61 and a twelve month high of $95.21.

Insider Activity

In other news, Director Jack R. Lazar bought 10,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was bought at an average price of $36.00 per share, for a total transaction of $360,000.00. Following the completion of the purchase, the director now owns 165,000 shares of the company’s stock, valued at approximately $5,940,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

About Astera Labs

Astera Labs, Inc designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure. Its Intelligent Connectivity Platform is comprised of a portfolio of data, network, and memory connectivity products, which are built on a unifying software-defined architecture that enables customers to deploy and operate high performance cloud and AI infrastructure at scale.