JPMorgan Chase & Co. assumed coverage on shares of Astera Labs (NASDAQ:ALAB – Free Report) in a report released on Monday morning, MarketBeat reports. The firm issued an overweight rating and a $85.00 price target on the stock.
A number of other equities analysts also recently commented on ALAB. Barclays assumed coverage on Astera Labs in a report on Monday. They issued an overweight rating and a $85.00 price objective on the stock. Needham & Company LLC assumed 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 initiated 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. Stifel Nicolaus initiated coverage on Astera Labs in a report on Monday. They set a buy rating and a $81.00 target price on the stock. Finally, Roth Mkm initiated coverage on Astera Labs in a report on Monday. They set a buy rating and a $85.00 target price on the stock. Eleven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of Buy and a consensus target price of $86.09.
View Our Latest Research Report on Astera Labs
Astera Labs Price Performance
Insiders Place Their Bets
In other Astera Labs news, Director Jack R. Lazar acquired 10,000 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were bought at an average cost of $36.00 per share, for a total transaction of $360,000.00. Following the acquisition, the director now directly owns 165,000 shares of the company’s stock, valued at $5,940,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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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