Astera Labs (NASDAQ:ALAB) Receives New Coverage from Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft initiated coverage on shares of Astera Labs (NASDAQ:ALAB) in a research report sent to investors on Monday, MarketBeat reports. The firm issued a buy rating and a $85.00 target price on the stock.

ALAB has been the topic of a number of other research reports. Morgan Stanley started coverage on shares of Astera Labs in a report on Monday. They issued an overweight rating and a $81.00 price target on the stock. JPMorgan Chase & Co. started coverage on shares of Astera Labs in a report on Monday. They issued an overweight rating and a $85.00 price target on the stock. Roth Mkm started coverage on shares of Astera Labs in a report on Monday. They issued a buy rating and a $85.00 price target on the stock. Northland Securities started coverage on shares of Astera Labs in a report on Monday, March 25th. They issued an outperform rating and a $85.00 price target on the stock. Finally, Stifel Nicolaus started coverage on shares of Astera Labs in a report on Monday. They issued a buy rating and a $81.00 price target on the stock. Eleven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Astera Labs presently has an average rating of Buy and a consensus target price of $86.09.

Astera Labs Stock Down 1.8 %

Shares of NASDAQ ALAB opened at $73.21 on Monday. Astera Labs has a 1 year low of $50.61 and a 1 year high of $95.21.

Insider Activity

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

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.