Astera Labs (ALAB) Scheduled to Post Earnings on Tuesday

Astera Labs (NASDAQ:ALAB) is set to issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Astera Labs Stock Down 2.7 %

Astera Labs stock opened at $76.96 on Friday. Astera Labs has a 52-week low of $50.61 and a 52-week high of $95.21.

Insider Buying and Selling at Astera Labs

In related news, Director Jack R. Lazar acquired 10,000 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were purchased at an average cost 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 can be accessed through the SEC website.

Analysts Set New Price Targets

Several analysts recently issued reports on ALAB shares. Stifel Nicolaus began coverage on shares of Astera Labs in a research note on Monday, April 15th. They set a “buy” rating and a $81.00 price objective for the company. Needham & Company LLC assumed coverage on Astera Labs in a report on Monday, April 15th. They issued a “buy” rating and a $85.00 price target for the company. JPMorgan Chase & Co. assumed coverage on Astera Labs in a research note on Monday, April 15th. They set an “overweight” rating and a $85.00 price objective on the stock. Roth Mkm assumed coverage on Astera Labs in a research note on Monday, April 15th. They issued a “buy” rating and a $85.00 target price for the company. Finally, Evercore ISI started coverage on shares of Astera Labs in a research report on Tuesday, April 16th. They set an “outperform” rating and a $100.00 price target on the stock. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $86.09.

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.