Deutsche Bank Aktiengesellschaft Initiates Coverage on Astera Labs (NASDAQ:ALAB)

Equities research analysts at Deutsche Bank Aktiengesellschaft started coverage on shares of Astera Labs (NASDAQ:ALAB) in a research report issued on Monday, MarketBeat.com reports. The brokerage set a “buy” rating and a $85.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 14.06% from the stock’s previous close.

ALAB has been the topic of several other reports. Needham & Company LLC started coverage on shares of Astera Labs in a research report on Monday. They issued a “buy” rating and a $85.00 target price on the stock. Morgan Stanley began coverage on Astera Labs in a research report on Monday. They issued an “overweight” rating and a $81.00 target price for the company. Northland Securities assumed coverage on Astera Labs in a research note on Monday, March 25th. They issued an “outperform” rating and a $85.00 price objective for the company. Roth Mkm began coverage on Astera Labs in a research note on Monday. They set a “buy” rating and a $85.00 target price on the stock. Finally, JPMorgan Chase & Co. started coverage on shares of Astera Labs in a report on Monday. They set an “overweight” rating and a $85.00 price target for the company. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $86.09.

Astera Labs Stock Performance

Shares of NASDAQ ALAB opened at $74.52 on Monday. Astera Labs has a 12 month low of $50.61 and a 12 month 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 the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was acquired at an average cost of $36.00 per share, with a total value of $360,000.00. Following the completion of the purchase, the director now directly owns 165,000 shares in the company, valued at approximately $5,940,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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.