Analysts at Barclays began coverage on shares of Astera Labs (NASDAQ:ALAB – Get Free Report) in a research note issued on Monday, MarketBeat Ratings reports. The firm set an “overweight” rating and a $85.00 price target on the stock. Barclays‘s target price indicates a potential upside of 14.06% from the company’s current price.
Several other research analysts also recently issued reports on ALAB. Northland Securities began coverage on Astera Labs in a research report on Monday, March 25th. They set an “outperform” rating and a $85.00 price objective for the company. Needham & Company LLC began coverage on Astera Labs in a research report on Monday. They set a “buy” rating and a $85.00 price objective for the company. Roth Mkm began coverage on Astera Labs in a report on Monday. They issued a “buy” rating and a $85.00 price target for the company. Finally, Stifel Nicolaus began coverage on Astera Labs in a report on Monday. They issued a “buy” rating and a $81.00 price target for the company. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Astera Labs currently has a consensus rating of “Buy” and a consensus target price of $86.09.
Read Our Latest Stock Report on ALAB
Astera Labs Trading Up 4.5 %
Insider Activity
In related news, Director Jack R. Lazar acquired 10,000 shares of the stock in a transaction dated Friday, March 22nd. The stock was bought at an average cost of $36.00 per share, with a total value of $360,000.00. Following the purchase, the director now directly owns 165,000 shares of the company’s stock, valued at $5,940,000. The transaction was disclosed in a filing with the SEC, which is available through 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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