Astera Labs, Inc. (NASDAQ:ALAB – Get Free Report)’s share price traded down 5.5% on Thursday . The company traded as low as $68.55 and last traded at $69.15. 320,317 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 3,207,198 shares. The stock had previously closed at $73.21.
Analysts Set New Price Targets
ALAB has been the subject of several recent analyst reports. Jefferies Financial Group assumed coverage on Astera Labs in a research report on Monday, April 15th. They set a “buy” rating and a $85.00 target price for the company. Morgan Stanley initiated coverage on Astera Labs in a research report on Monday, April 15th. They issued an “overweight” rating and a $81.00 price objective on the stock. Northland Securities started coverage on Astera Labs in a research note on Monday, March 25th. They issued an “outperform” rating and a $85.00 target price on the stock. Craig Hallum initiated coverage on shares of Astera Labs in a research note on Monday, April 15th. They set a “buy” rating and a $90.00 target price for the company. Finally, Barclays started coverage on shares of Astera Labs in a research note on Monday, April 15th. They issued an “overweight” rating and a $85.00 price target on the stock. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Astera Labs presently has a consensus rating of “Buy” and an average price target of $86.09.
Get Our Latest Research Report on Astera Labs
Astera Labs Stock Performance
Insider Activity
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Astera Labs stock. Allspring Global Investments Holdings LLC acquired a new stake in shares of Astera Labs, Inc. (NASDAQ:ALAB – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 251,596 shares of the company’s stock, valued at approximately $18,666,000. Allspring Global Investments Holdings LLC owned approximately 0.16% of Astera Labs at the end of the most recent reporting period.
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.
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