Astera Labs (NASDAQ:ALAB) Coverage Initiated at Evercore ISI

Evercore ISI started coverage on shares of Astera Labs (NASDAQ:ALAB) in a research note issued to investors on Tuesday, MarketBeat.com reports. The brokerage set an “outperform” rating and a $100.00 price target on the stock. Evercore ISI’s target price indicates a potential upside of 36.59% from the stock’s previous close.

A number of other equities analysts have also commented on ALAB. Jefferies Financial Group began coverage on shares of Astera Labs in a report on Monday. They issued a “buy” rating and a $85.00 price objective on the stock. Barclays began coverage on shares of Astera Labs in a report on Monday. They issued an “overweight” rating and a $85.00 price objective on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Astera Labs in a report on Monday. They issued a “buy” rating and a $85.00 price objective on the stock. Craig Hallum began coverage on shares of Astera Labs in a report on Monday. They issued a “buy” rating and a $90.00 price objective on the stock. Finally, Northland Securities began coverage on shares of Astera Labs in a report on Monday, March 25th. They issued an “outperform” rating and a $85.00 price objective on the stock. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $86.09.

Astera Labs Trading Down 1.8 %

NASDAQ:ALAB opened at $73.21 on Tuesday. Astera Labs has a twelve month low of $50.61 and a twelve month high of $95.21.

Insider Activity

In related news, Director Jack R. Lazar bought 10,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were acquired at an average price of $36.00 per share, for a total transaction of $360,000.00. Following the purchase, the director now owns 165,000 shares in the company, valued at approximately $5,940,000. The transaction was disclosed in a document filed with the SEC, which is accessible 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.