Astera Labs (NASDAQ:ALAB) Research Coverage Started at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of Astera Labs (NASDAQ:ALAB) in a research report sent to investors on Monday morning, Marketbeat reports. The brokerage issued a buy rating and a $85.00 price objective on the stock.

A number of other equities analysts have also commented on the stock. Stifel Nicolaus began coverage on shares of Astera Labs in a research report on Monday. They set a buy rating and a $81.00 target price on the stock. Barclays began coverage on shares of Astera Labs in a report on Monday. They set an overweight rating and a $85.00 price objective on the stock. Needham & Company LLC began coverage on shares of Astera Labs in a report on Monday. They set a buy rating and a $85.00 price objective on the stock. Morgan Stanley began coverage on shares of Astera Labs in a report on Monday. They set an overweight rating and a $81.00 price objective on the stock. Finally, JPMorgan Chase & Co. began coverage on shares of Astera Labs in a report on Monday. They set an overweight rating and a $85.00 price objective on the stock. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Astera Labs presently has an average rating of Buy and a consensus target price of $84.70.

Astera Labs Stock Down 2.0 %

Shares of NASDAQ:ALAB 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 at Astera Labs

In other news, Director Jack R. Lazar bought 10,000 shares of the stock in a transaction on Friday, March 22nd. The stock was bought 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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.