Astera Labs (NASDAQ:ALAB) Research Coverage Started at Craig Hallum

Craig Hallum initiated coverage on shares of Astera Labs (NASDAQ:ALAB) in a research report sent to investors on Monday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $90.00 price objective on the stock.

ALAB has been the topic of several other research reports. JPMorgan Chase & Co. started coverage on shares of Astera Labs in a report on Monday. They issued an overweight rating and a $85.00 target price on the stock. Needham & Company LLC initiated coverage on shares of Astera Labs in a report on Monday. They set a buy rating and a $85.00 price objective on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Astera Labs in a report on Monday. They set a buy rating and a $85.00 price objective on the stock. Barclays initiated coverage on shares of Astera Labs in a report on Monday. They set an overweight rating and a $85.00 price objective on the stock. Finally, Jefferies Financial Group initiated coverage on shares of Astera Labs in a report on Monday. They set a buy rating and a $85.00 price objective on the stock. Eleven investment analysts have rated the stock with a buy rating, According to MarketBeat, Astera Labs currently has an average rating of Buy and an average target price of $86.09.

Astera Labs Trading Down 3.1 %

Shares of NASDAQ:ALAB opened at $70.92 on Monday. Astera Labs has a fifty-two week low of $50.61 and a fifty-two week high of $95.21.

Insider Buying and Selling at Astera Labs

In other Astera Labs news, Director Jack R. Lazar purchased 10,000 shares of Astera Labs 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 completion of the acquisition, the director now directly owns 165,000 shares of the company’s stock, valued at $5,940,000. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Hedge Funds Weigh In On Astera Labs

An institutional investor recently bought a new position in Astera Labs stock. Allspring Global Investments Holdings LLC acquired 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 fund acquired 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 at the end of the most recent reporting period.

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.