Deutsche Bank Aktiengesellschaft Begins Coverage on Astera Labs (NASDAQ:ALAB)

Deutsche Bank Aktiengesellschaft assumed coverage on shares of Astera Labs (NASDAQ:ALAB) in a research report released on Monday, Marketbeat.com reports. The firm issued a buy rating and a $85.00 price objective on the stock.

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

Astera Labs Stock Down 2.0 %

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 Buying and Selling at Astera Labs

In related news, Director Jack R. Lazar acquired 10,000 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was purchased at an average cost of $36.00 per share, with a total value of $360,000.00. Following the acquisition, the director now directly owns 165,000 shares of the company’s stock, valued at $5,940,000. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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.