Astera Labs, Inc. (NASDAQ:ALAB – Get Free Report)’s share price gapped down before the market opened on Monday . The stock had previously closed at $85.00, but opened at $81.28. Astera Labs shares last traded at $82.06, with a volume of 517,739 shares traded.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on ALAB shares. Stifel Nicolaus assumed coverage on shares of Astera Labs in a research report on Monday, April 15th. They issued a “buy” rating and a $81.00 price target on the stock. Jefferies Financial Group began coverage on shares of Astera Labs in a research note on Monday, April 15th. They set a “buy” rating and a $85.00 target price for the company. Barclays initiated coverage on shares of Astera Labs in a report on Monday, April 15th. They issued an “overweight” rating and a $85.00 target price on the stock. Needham & Company LLC assumed coverage on Astera Labs in a report on Monday, April 15th. They set a “buy” rating and a $85.00 price target for the company. Finally, Evercore ISI started coverage on Astera Labs in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $100.00 price objective for the company. Eleven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $86.09.
Check Out Our Latest Report on ALAB
Astera Labs Price Performance
Insider Buying and Selling
Hedge Funds Weigh In On Astera Labs
A number of large investors have recently modified their holdings of the company. Value Aligned Research Advisors LLC bought a new stake in Astera Labs during the 1st quarter valued at $1,886,000. Seven Grand Managers LLC acquired a new position in shares of Astera Labs during the first quarter valued at about $3,710,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Astera Labs during the first quarter valued at about $18,666,000. Finally, Amazon Com Inc. bought a new stake in shares of Astera Labs during the first quarter worth about $20,608,000.
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.
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