Astera Labs (NASDAQ:ALAB) Now Covered by Analysts at Barclays

Barclays began coverage on shares of Astera Labs (NASDAQ:ALAB) in a research report released on Monday morning, MarketBeat Ratings reports. The firm issued an overweight rating and a $85.00 target price on the stock.

Several other research analysts also recently commented on ALAB. Needham & Company LLC began coverage on shares of Astera Labs in a research note on Monday. They issued a buy rating and a $85.00 target price on the stock. Roth Mkm assumed coverage on shares of Astera Labs in a report on Monday. They issued a buy rating and a $85.00 price target on the stock. Stifel Nicolaus assumed coverage on shares of Astera Labs in a report on Monday. They set a buy rating and a $81.00 target price on the stock. Finally, Northland Securities assumed coverage on shares of Astera Labs in a report on Monday, March 25th. They set an outperform rating and a $85.00 target price on the stock. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of Buy and a consensus price target of $84.70.

Astera Labs Stock Down 2.0 %

Shares of Astera Labs stock opened at $71.30 on Monday. Astera Labs has a one year low of $50.61 and a one year high of $95.21.

Insider Buying and Selling

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