Weekly Analysts’ Ratings Changes for Astera Labs (ALAB)

A number of research firms have changed their ratings and price targets for Astera Labs (NASDAQ: ALAB):

• 4/16/2024 – Astera Labs is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $100.00 price target on the stock.
• 4/15/2024 – Astera Labs is now covered by analysts at Morgan Stanley. They set an “overweight” rating and a $81.00 price target on the stock.
• 4/15/2024 – Astera Labs is now covered by analysts at JPMorgan Chase & Co.. They set an “overweight” rating and a $85.00 price target on the stock.
• 4/15/2024 – Astera Labs is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $85.00 price target on the stock.
• 4/15/2024 – Astera Labs is now covered by analysts at Craig Hallum. They set a “buy” rating and a $90.00 price target on the stock.
• 4/15/2024 – Astera Labs is now covered by analysts at Jefferies Financial Group Inc.. They set a “buy” rating and a $85.00 price target on the stock.
• 4/15/2024 – Astera Labs is now covered by analysts at Deutsche Bank Aktiengesellschaft. They set a “buy” rating and a $85.00 price target on the stock.
• 4/15/2024 – Astera Labs is now covered by analysts at Needham & Company LLC. They set a “buy” rating and a $85.00 price target on the stock.
• 4/15/2024 – Astera Labs is now covered by analysts at Stifel Nicolaus. They set a “buy” rating and a $81.00 price target on the stock.
• 4/15/2024 – Astera Labs is now covered by analysts at Roth Mkm. They set a “buy” rating and a $85.00 price target on the stock.
• 3/25/2024 – Astera Labs is now covered by analysts at Northland Securities. They set an “outperform” rating and a $85.00 price target on the stock.

Astera Labs Trading Down 9.1 %

Shares of ALAB stock opened at $64.49 on Monday. Astera Labs, Inc. has a 12-month low of $50.61 and a 12-month high of $95.21.

Insiders Place Their Bets

In other Astera Labs news, Director Jack R. Lazar purchased 10,000 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was bought 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 owns 165,000 shares in the company, valued at $5,940,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Investors Weigh In On Astera Labs

An institutional investor recently bought a new position in Astera Labs stock. Allspring Global Investments Holdings LLC acquired a new stake in Astera Labs, Inc. (NASDAQ:ALAB) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 251,596 shares of the company’s stock, valued at approximately $18,666,000. Allspring Global Investments Holdings LLC owned about 0.16% of Astera Labs at the end of the most recent reporting period.

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.