Analysts Set Astera Labs, Inc. (NASDAQ:ALAB) Target Price at $84.70

Astera Labs, Inc. (NASDAQ:ALAB) has been given a consensus rating of “Buy” by the eleven research firms that are currently covering the stock, MarketBeat Ratings reports. Eleven research analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have issued a report on the stock in the last year is $86.09.

ALAB has been the topic of a number of research reports. JPMorgan Chase & Co. initiated coverage on Astera Labs in a research report on Monday. They set an “overweight” rating and a $85.00 price objective on the stock. Morgan Stanley initiated coverage on Astera Labs in a research report on Monday. They set an “overweight” rating and a $81.00 price objective on the stock. Stifel Nicolaus initiated coverage on Astera Labs in a research report on Monday. They set a “buy” rating and a $81.00 price objective on the stock. Roth Mkm initiated coverage on Astera Labs in a research report on Monday. They set a “buy” rating and a $85.00 price objective on the stock. Finally, Northland Securities initiated coverage on Astera Labs in a research report on Monday, March 25th. They set an “outperform” rating and a $85.00 price objective on the stock.

Astera Labs Price Performance

Shares of ALAB stock opened at $73.21 on Monday. Astera Labs has a 12 month low of $50.61 and a 12 month high of $95.21.

Insider Buying and Selling at Astera Labs

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

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.