Morgan Stanley Begins Coverage on Astera Labs (NASDAQ:ALAB)

Morgan Stanley began coverage on shares of Astera Labs (NASDAQ:ALAB) in a research report report published on Monday, Marketbeat reports. The brokerage issued an overweight rating and a $81.00 price objective on the stock.

Other research analysts have also issued reports about the company. Stifel Nicolaus began coverage on Astera Labs in a report on Monday. They set a buy rating and a $81.00 target price on the stock. Roth Mkm began coverage on Astera Labs in a report on Monday. They issued a buy rating and a $85.00 price objective on the stock. Needham & Company LLC began coverage on Astera Labs in a report on Monday. They issued a buy rating and a $85.00 price objective on the stock. Northland Securities began 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. Finally, JPMorgan Chase & Co. began coverage on Astera Labs in a report on Monday. They issued an overweight rating and a $85.00 price objective on the stock. Eleven analysts have rated the stock with a buy rating, According to MarketBeat.com, Astera Labs currently has an average rating of Buy and an average target price of $86.09.

Astera Labs Price Performance

ALAB stock opened at $73.21 on Monday. Astera Labs has a 1-year low of $50.61 and a 1-year high of $95.21.

Insider Transactions at Astera Labs

In related news, Director Jack R. Lazar bought 10,000 shares of Astera Labs stock in a transaction dated Friday, March 22nd. The shares were bought at an average cost of $36.00 per share, with a total value of $360,000.00. Following the acquisition, the director now owns 165,000 shares in the company, valued at approximately $5,940,000. The transaction was disclosed in a filing 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.