Astera Labs (NASDAQ:ALAB) Research Coverage Started at Stifel Nicolaus

Stifel Nicolaus assumed coverage on shares of Astera Labs (NASDAQ:ALAB) in a research report sent to investors on Monday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $81.00 price target on the stock.

Other equities analysts have also issued reports about the company. Northland Securities started coverage on Astera Labs in a report on Monday, March 25th. They set an outperform rating and a $85.00 target price for the company. Roth Mkm initiated coverage on Astera Labs in a report on Monday. They set a buy rating and a $85.00 target price for the company. Eleven analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of Buy and an average price target of $86.09.

Astera Labs Trading Down 1.8 %

NASDAQ:ALAB opened at $73.21 on Monday. Astera Labs has a 52 week low of $50.61 and a 52 week high of $95.21.

Insider Buying and Selling

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

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.