Astera Labs (NASDAQ:ALAB) Receives New Coverage from Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. assumed coverage on shares of Astera Labs (NASDAQ:ALAB) in a research report sent to investors on Monday morning, MarketBeat.com reports. The brokerage issued an overweight rating and a $85.00 price objective on the stock.

Other research analysts also recently issued research reports about the company. Roth Mkm initiated coverage on Astera Labs in a research note on Monday. They set a buy rating and a $85.00 price target on the stock. Stifel Nicolaus initiated coverage on Astera Labs in a research note on Monday. They set a buy rating and a $81.00 price target on the stock. Northland Securities started coverage on Astera Labs in a research note on Monday, March 25th. They set an outperform rating and a $85.00 price target on the stock. Barclays started coverage on Astera Labs in a research note on Monday. They issued an overweight rating and a $85.00 target price on the stock. Finally, Needham & Company LLC started coverage on Astera Labs in a research note on Monday. They issued a buy rating and a $85.00 target price on the stock. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of Buy and an average target price of $84.70.

Astera Labs Price Performance

NASDAQ:ALAB opened at $71.30 on Monday. Astera Labs has a 52-week low of $50.61 and a 52-week high of $95.21.

Insider Activity at Astera Labs

In other Astera Labs news, Director Jack R. Lazar purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were purchased at an average cost of $36.00 per share, for a total transaction of $360,000.00. Following the completion of the purchase, the director now directly owns 165,000 shares in the company, valued at $5,940,000. The acquisition was disclosed in a document filed with the SEC, which can be accessed 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.