Stifel Nicolaus Initiates Coverage on Astera Labs (NASDAQ:ALAB)

Investment analysts at Stifel Nicolaus initiated coverage on shares of Astera Labs (NASDAQ:ALAB) in a report issued on Monday, MarketBeat.com reports. The brokerage set a “buy” rating and a $81.00 price target on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 8.70% from the company’s previous close.

A number of other equities research analysts have also recently commented on ALAB. Roth Mkm began coverage on shares of Astera Labs in a research note on Monday. They set a “buy” rating and a $85.00 target price on the stock. Northland Securities started coverage on shares of Astera Labs in a research report on Monday, March 25th. They set an “outperform” rating and a $85.00 price objective on the stock. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $86.09.

Astera Labs Price Performance

NASDAQ ALAB opened at $74.52 on Monday. Astera Labs has a 12 month low of $50.61 and a 12 month high of $95.21.

Insider Activity

In other news, Director Jack R. Lazar bought 10,000 shares of Astera Labs stock in a transaction on Friday, March 22nd. The stock was acquired at an average cost of $36.00 per share, for a total transaction of $360,000.00. Following the completion of the acquisition, the director now owns 165,000 shares of the company’s stock, valued at approximately $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.