Astera Labs, Inc. (NASDAQ:ALAB) Expected to Earn Q1 2024 Earnings of ($0.16) Per Share

Astera Labs, Inc. (NASDAQ:ALAB) – Analysts at Northland Capmk issued their Q1 2024 EPS estimates for shares of Astera Labs in a report released on Thursday, April 18th. Northland Capmk analyst G. Richard expects that the company will post earnings per share of ($0.16) for the quarter. Northland Capmk also issued estimates for Astera Labs’ Q2 2024 earnings at ($0.18) EPS, Q3 2024 earnings at ($0.16) EPS, Q4 2024 earnings at ($0.10) EPS, FY2024 earnings at ($0.65) EPS, Q1 2025 earnings at ($0.13) EPS, Q2 2025 earnings at ($0.10) EPS, Q3 2025 earnings at ($0.10) EPS, Q4 2025 earnings at ($0.09) EPS and FY2025 earnings at ($0.41) EPS.

Other research analysts have also recently issued research reports about the stock. Jefferies Financial Group initiated coverage on shares of Astera Labs in a report on Monday, April 15th. They issued a “buy” rating and a $85.00 target price for the company. Barclays initiated coverage on shares of Astera Labs in a research note on Monday, April 15th. They set an “overweight” rating and a $85.00 price target on the stock. Evercore ISI initiated coverage on Astera Labs in a report on Tuesday, April 16th. They set an “outperform” rating and a $100.00 price objective for the company. Northland Securities assumed coverage on shares of Astera Labs in a research report on Monday, March 25th. They issued an “outperform” rating and a $85.00 price target on the stock. Finally, JPMorgan Chase & Co. began coverage on Astera Labs in a research report on Monday, April 15th. They set an “overweight” rating and a $85.00 price objective for the company. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $86.09.

Astera Labs Stock Performance

NASDAQ:ALAB opened at $65.79 on Monday. Astera Labs has a 12 month low of $50.61 and a 12 month high of $95.21.

Insider Transactions at Astera Labs

In related news, Director Jack R. Lazar purchased 10,000 shares of Astera Labs stock in a transaction that occurred on Friday, March 22nd. The shares were purchased at an average cost of $36.00 per share, with a total value of $360,000.00. Following the transaction, the director now owns 165,000 shares of the company’s stock, valued at approximately $5,940,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Institutional Trading of Astera Labs

A hedge fund recently bought a new stake in Astera Labs stock. Allspring Global Investments Holdings LLC purchased a new stake in Astera Labs, Inc. (NASDAQ:ALAB) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 251,596 shares of the company’s stock, valued at approximately $18,666,000. Allspring Global Investments Holdings LLC owned about 0.16% of Astera Labs as of its most recent filing with the Securities and Exchange Commission (SEC).

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.