Stock analysts at Morgan Stanley started coverage on shares of Astera Labs (NASDAQ:ALAB – Get Free Report) in a research report issued on Monday, MarketBeat.com reports. The firm set an “overweight” rating and a $81.00 price target on the stock. Morgan Stanley’s price objective would indicate a potential upside of 8.70% from the company’s current price.
Several other research firms have also issued reports on ALAB. Needham & Company LLC started coverage on shares of Astera Labs in a report on Monday. They set a “buy” rating and a $85.00 price target for the company. JPMorgan Chase & Co. began coverage on shares of Astera Labs in a research report on Monday. They issued an “overweight” rating and a $85.00 price target for the company. Barclays 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. Roth Mkm assumed coverage on Astera Labs in a research note on Monday. They set a “buy” rating and a $85.00 target price on the stock. Finally, Northland Securities initiated coverage on Astera Labs in a research note on Monday, March 25th. They set an “outperform” rating and a $85.00 target price on the stock. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $86.09.
Get Our Latest Stock Analysis on Astera Labs
Astera Labs Price Performance
Insider Transactions at Astera Labs
In other Astera Labs news, Director Jack R. Lazar acquired 10,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was bought at an average price of $36.00 per share, with a total value of $360,000.00. Following the completion of the acquisition, the director now owns 165,000 shares of the company’s stock, valued at $5,940,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
About Astera Labs
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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