Astera Labs (NASDAQ:ALAB) Coverage Initiated at Craig Hallum

Analysts at Craig Hallum assumed coverage on shares of Astera Labs (NASDAQ:ALAB) in a note issued to investors on Monday, MarketBeat Ratings reports. The firm set a “buy” rating and a $90.00 price target on the stock. Craig Hallum’s target price would suggest a potential upside of 20.77% from the company’s previous close.

ALAB has been the subject of a number of other research reports. Morgan Stanley began coverage on shares of Astera Labs in a research note on Monday. They set an “overweight” rating and a $81.00 target price for the company. Northland Securities initiated coverage on Astera Labs in a report on Monday, March 25th. They issued an “outperform” rating and a $85.00 price objective on the stock. Roth Mkm initiated coverage on Astera Labs in a research note on Monday. They set a “buy” rating and a $85.00 target price for the company. JPMorgan Chase & Co. assumed coverage on shares of Astera Labs in a report on Monday. They set an “overweight” rating and a $85.00 price objective on the stock. Finally, Barclays initiated coverage on shares of Astera Labs in a research report on Monday. They issued an “overweight” rating and a $85.00 target price on the stock. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus 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 fifty-two week low of $50.61 and a fifty-two week high of $95.21.

Insider Activity at Astera Labs

In related news, Director Jack R. Lazar acquired 10,000 shares of the firm’s stock in a transaction 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 transaction, the director now owns 165,000 shares of the company’s stock, valued at $5,940,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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.