Astera Labs (NASDAQ:ALAB) Research Coverage Started at Barclays

Barclays initiated coverage on shares of Astera Labs (NASDAQ:ALAB) in a report released on Monday morning, MarketBeat.com reports. The firm issued an overweight rating and a $85.00 price objective on the stock.

A number of other research analysts have also recently weighed in on ALAB. Roth Mkm initiated coverage on shares of Astera Labs in a research report on Monday. They set a buy rating and a $85.00 price objective on the stock. Stifel Nicolaus initiated coverage on shares of Astera Labs in a research report on Monday. They set a buy rating and a $81.00 price objective on the stock. Northland Securities initiated coverage on shares of Astera Labs in a research report on Monday, March 25th. They set an outperform rating and a $85.00 price objective on the stock. Finally, Needham & Company LLC initiated coverage on shares of Astera Labs in a research note on Monday. They set a buy rating and a $85.00 target price for the company. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of Buy and a consensus target price of $86.09.

Astera Labs Stock Down 1.8 %

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

Insider Buying and Selling

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