Brokerages Set Astera Labs, Inc. (NASDAQ:ALAB) PT at $84.70

Astera Labs, Inc. (NASDAQ:ALAB) has earned a consensus recommendation of “Buy” from the eleven research firms that are presently covering the company, MarketBeat.com reports. Eleven equities research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have covered the stock in the last year is $86.09.

Several equities analysts have recently commented on ALAB shares. Deutsche Bank Aktiengesellschaft began coverage on Astera Labs in a research note on Monday. They issued a “buy” rating and a $85.00 price target on the stock. Jefferies Financial Group began coverage on Astera Labs in a research note on Monday. They set a “buy” rating and a $85.00 target price on the stock. Morgan Stanley began coverage on Astera Labs in a research note on Monday. They set an “overweight” rating and a $81.00 target price on the stock. Craig Hallum began coverage on Astera Labs in a research note on Monday. They set a “buy” rating and a $90.00 target price on the stock. Finally, Roth Mkm began coverage on Astera Labs in a research note on Monday. They set a “buy” rating and a $85.00 target price on the stock.

Astera Labs Trading Down 1.8 %

Shares of Astera Labs stock opened at $73.21 on Monday. Astera Labs has a 52 week low of $50.61 and a 52 week high of $95.21.

Insider Activity

In other Astera Labs news, Director Jack R. Lazar acquired 10,000 shares of the company’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 acquisition, the director now owns 165,000 shares in the company, valued at approximately $5,940,000. The purchase was disclosed in a document filed with the SEC, 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.