Astera Labs (NASDAQ:ALAB) Research Coverage Started at Needham & Company LLC

Needham & Company LLC started coverage on shares of Astera Labs (NASDAQ:ALAB) in a research report released on Monday, MarketBeat reports. The brokerage issued a buy rating and a $85.00 price target on the stock.

A number of other equities analysts also recently issued reports on ALAB. Stifel Nicolaus initiated coverage on shares of Astera Labs in a report on Monday. They issued a buy rating and a $81.00 price objective on the stock. Northland Securities began coverage on shares of Astera Labs in a research note on Monday, March 25th. They set an outperform rating and a $85.00 target price on the stock. Finally, Roth Mkm began coverage on shares of Astera Labs in a report on Monday. They set a buy rating and a $85.00 price objective for the company. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of Buy and a consensus price target of $84.70.

Astera Labs Price Performance

ALAB opened at $71.30 on Monday. Astera Labs has a 12-month low of $50.61 and a 12-month high of $95.21.

Insider Activity

In other news, Director Jack R. Lazar bought 10,000 shares of the stock in a transaction dated Friday, March 22nd. The stock was purchased at an average cost of $36.00 per share, for a total transaction of $360,000.00. Following the transaction, the director now owns 165,000 shares of the company’s stock, valued at $5,940,000. The purchase was disclosed in a filing with the SEC, which can be accessed 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.