Jefferies Financial Group initiated coverage on shares of Astera Labs (NASDAQ:ALAB – Get Free Report) in a research note issued to investors on Monday, Briefing.com reports. The brokerage set a “buy” rating and a $85.00 price target on the stock. Jefferies Financial Group’s target price suggests a potential upside of 16.87% from the stock’s previous close.
ALAB has been the subject of a number of other reports. Roth Mkm assumed coverage on shares of Astera Labs in a report on Monday. They issued a “buy” rating and a $85.00 target price for the company. Needham & Company LLC assumed coverage on shares of Astera Labs in a research note on Monday. They issued a “buy” rating and a $85.00 price objective for the company. Stifel Nicolaus began coverage on shares of Astera Labs in a research report on Monday. They set a “buy” rating and a $81.00 target price on the stock. Morgan Stanley began coverage on Astera Labs in a research report on Monday. They issued an “overweight” rating and a $81.00 price target for the company. Finally, JPMorgan Chase & Co. assumed coverage on Astera Labs in a research report on Monday. They set an “overweight” rating and a $85.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Astera Labs has a consensus rating of “Moderate Buy” and an average target price of $84.70.
Get Our Latest Stock Analysis on ALAB
Astera Labs Stock Performance
Insider Buying and Selling
In other Astera Labs news, Director Jack R. Lazar acquired 10,000 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were bought at an average price of $36.00 per share, with a total value of $360,000.00. Following the transaction, the director now directly owns 165,000 shares of the company’s stock, valued at approximately $5,940,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, 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.
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