Astera Labs (NASDAQ:ALAB) Coverage Initiated at Roth Mkm

Equities research analysts at Roth Mkm started coverage on shares of Astera Labs (NASDAQ:ALAB) in a research report issued to clients and investors on Monday, MarketBeat.com reports. The brokerage set a “buy” rating and a $85.00 price target on the stock. Roth Mkm’s price objective indicates a potential upside of 14.06% from the stock’s current price.

Separately, Northland Securities assumed coverage on shares of Astera Labs in a research report on Monday, March 25th. They set an “outperform” rating and a $85.00 price target for the company. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Astera Labs has an average rating of “Buy” and a consensus target price of $86.09.

Astera Labs Trading Up 4.5 %

Shares of NASDAQ ALAB opened at $74.52 on Monday. Astera Labs has a 52-week low of $50.61 and a 52-week high of $95.21.

Insiders Place Their Bets

In other news, Director Jack R. Lazar bought 10,000 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was purchased at an average price of $36.00 per share, for a total transaction of $360,000.00. Following the transaction, the director now owns 165,000 shares in the company, valued at $5,940,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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.