Astera Labs (NASDAQ:ALAB) Coverage Initiated at Roth Mkm

Research analysts at Roth Mkm initiated coverage on shares of Astera Labs (NASDAQ:ALAB) in a research note issued on Monday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $85.00 price target on the stock. Roth Mkm’s price objective would indicate a potential upside of 14.06% from the stock’s current price.

Separately, Northland Securities assumed coverage on shares of Astera Labs in a report on Monday, March 25th. They set an “outperform” rating and a $85.00 price objective for the company. Eleven analysts have rated the stock with a buy rating, According to MarketBeat, Astera Labs has an average rating of “Buy” and a consensus price target of $86.09.

Astera Labs Price Performance

Shares of ALAB opened at $74.52 on Monday. Astera Labs has a 1-year low of $50.61 and a 1-year high of $95.21.

Insider Buying and Selling at Astera Labs

In other Astera Labs news, Director Jack R. Lazar acquired 10,000 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was 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 filing with the SEC, which can be accessed through this hyperlink.

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.