JPMorgan Chase & Co. assumed coverage on shares of Astera Labs (NASDAQ:ALAB – Free Report) 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.
Read Our Latest Stock Report on ALAB
Astera Labs Price Performance
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.
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