Astera Labs (NASDAQ:ALAB) Research Coverage Started at Evercore ISI

Evercore ISI initiated coverage on shares of Astera Labs (NASDAQ:ALAB) in a report issued on Tuesday morning, Marketbeat Ratings reports. The firm issued an outperform rating and a $100.00 target price on the stock.

A number of other brokerages have also recently issued reports on ALAB. Morgan Stanley started coverage on Astera Labs in a report on Monday. They set an overweight rating and a $81.00 price objective for the company. Jefferies Financial Group started coverage on Astera Labs in a report on Monday. They set a buy rating and a $85.00 price objective for the company. JPMorgan Chase & Co. started coverage on Astera Labs in a report on Monday. They set an overweight rating and a $85.00 price objective for the company. Needham & Company LLC started coverage on Astera Labs in a report on Monday. They set a buy rating and a $85.00 price objective for the company. Finally, Roth Mkm started coverage on Astera Labs in a report on Monday. They set a buy rating and a $85.00 price objective for the company. Eleven investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of Buy and a consensus price target of $86.09.

Astera Labs Stock Down 3.1 %

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

Insider Activity at Astera Labs

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 bought at an average cost of $36.00 per share, for a total transaction of $360,000.00. Following the transaction, the director now owns 165,000 shares in the company, valued at approximately $5,940,000. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Astera Labs stock. Allspring Global Investments Holdings LLC bought a new stake in shares of Astera Labs, Inc. (NASDAQ:ALAB) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 251,596 shares of the company’s stock, valued at approximately $18,666,000. Allspring Global Investments Holdings LLC owned 0.16% of Astera Labs at the end of the most recent quarter.

About Astera Labs

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.