Astera Labs, Inc. (NASDAQ:ALAB - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $72.73, but opened at $74.83. Astera Labs shares last traded at $77.80, with a volume of 668,768 shares changing hands.
Analyst Ratings Changes
A number of research analysts have commented on the company. Craig Hallum assumed coverage on Astera Labs in a research report on Monday. They set a "buy" rating and a $90.00 price target for the company. Morgan Stanley assumed coverage on Astera Labs in a research report on Monday. They set an "overweight" rating and a $81.00 price target for the company. Roth Mkm started coverage on Astera Labs in a research report on Monday. They set a "buy" rating and a $85.00 price target for the company. Deutsche Bank Aktiengesellschaft started coverage on Astera Labs in a research report on Monday. They issued a "buy" rating and a $85.00 target price for the company. Finally, JPMorgan Chase & Co. started coverage on Astera Labs in a research report on Monday. They issued an "overweight" rating and a $85.00 target price for the company. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $84.70.
Read Our Latest Research Report on ALAB
Astera Labs Stock Down 2.0 %
Insider Buying and Selling
In other Astera Labs news, Director Jack R. Lazar bought 10,000 shares of the business's stock in a transaction on Friday, March 22nd. The shares were acquired at an average cost 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 purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Astera Labs Company Profile
(
Get Free Report)
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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