Astera Labs (NASDAQ:ALAB) Receives New Coverage from Analysts at Evercore ISI

Evercore ISI initiated coverage on shares of Astera Labs (NASDAQ:ALAB) in a research report released on Tuesday morning, MarketBeat reports. The firm issued an outperform rating and a $100.00 target price on the stock.

Other analysts also recently issued research reports about the company. Jefferies Financial Group began coverage on Astera Labs in a research note on Monday. They issued a buy rating and a $85.00 price objective on the stock. JPMorgan Chase & Co. started coverage on shares of Astera Labs in a research report on Monday. They set an overweight rating and a $85.00 price objective for the company. Morgan Stanley began coverage on shares of Astera Labs in a research report on Monday. They set an overweight rating and a $81.00 target price on the stock. Northland Securities assumed coverage on Astera Labs in a research report on Monday, March 25th. They issued an outperform rating and a $85.00 price target for the company. Finally, Needham & Company LLC began coverage on Astera Labs in a research report on Monday. They set a buy rating and a $85.00 price objective on the stock. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of Buy and an average price target of $86.09.

Astera Labs Trading Up 4.5 %

ALAB opened at $74.52 on Tuesday. Astera Labs has a fifty-two week low of $50.61 and a fifty-two week high of $95.21.

Insider Buying and Selling at Astera Labs

In other Astera Labs news, Director Jack R. Lazar acquired 10,000 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were bought at an average price of $36.00 per share, with a total value of $360,000.00. Following the transaction, the director now directly owns 165,000 shares of the company’s stock, valued at approximately $5,940,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at 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.