Stifel Nicolaus started coverage on shares of Astera Labs (NASDAQ:ALAB – Free Report) in a research note issued to investors on Monday morning, MarketBeat reports. The firm issued a buy rating and a $81.00 price objective on the stock.
A number of other brokerages also recently commented on ALAB. Northland Securities began coverage on shares of Astera Labs in a research note on Monday, March 25th. They issued an outperform rating and a $85.00 target price on the stock. Roth Mkm initiated 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. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of Buy and an average target price of $84.70.
Get Our Latest Analysis on ALAB
Astera Labs Stock Down 2.0 %
Insider Buying and Selling
In other news, Director Jack R. Lazar acquired 10,000 shares of Astera Labs stock in a transaction that occurred on Friday, March 22nd. The stock was purchased 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Astera Labs Company Profile
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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