Astera Labs (NASDAQ:ALAB) Coverage Initiated by Analysts at Roth Mkm

Roth Mkm initiated coverage on shares of Astera Labs (NASDAQ:ALAB) in a research note published on Monday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $85.00 target price on the stock.

Separately, Northland Securities initiated coverage on shares of Astera Labs in a report on Monday, March 25th. They set an outperform rating and a $85.00 price target on the stock. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of Buy and an average price target of $84.70.

Astera Labs Price Performance

Shares of NASDAQ:ALAB opened at $71.30 on Monday. Astera Labs has a 12-month low of $50.61 and a 12-month high of $95.21.

Insider Buying and Selling at Astera Labs

In related news, Director Jack R. Lazar purchased 10,000 shares of Astera Labs stock in a transaction on Friday, March 22nd. The stock was purchased at an average cost of $36.00 per share, with a total value of $360,000.00. Following the acquisition, the director now directly owns 165,000 shares in the company, valued at $5,940,000. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

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.