Needham & Company LLC assumed coverage on shares of Astera Labs (NASDAQ:ALAB – Free Report) in a report published on Monday, MarketBeat reports. The firm issued a buy rating and a $85.00 price target on the stock.
Several other analysts also recently weighed in on ALAB. Northland Securities assumed coverage on Astera Labs in a research note on Monday, March 25th. They set an outperform rating and a $85.00 target price for the company. Stifel Nicolaus assumed coverage on Astera Labs in a research note on Monday. They set a buy rating and a $81.00 target price for the company. Finally, Roth Mkm assumed coverage on Astera Labs in a research note on Monday. They set a buy rating and a $85.00 target price for the company. Eleven analysts have rated the stock with a buy rating, According to MarketBeat, Astera Labs currently has an average rating of Buy and a consensus price target of $86.09.
Check Out Our Latest Analysis on Astera Labs
Astera Labs Stock Performance
Insider Buying and Selling at Astera Labs
In other news, Director Jack R. Lazar purchased 10,000 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was purchased at an average price of $36.00 per share, with a total value of $360,000.00. Following the acquisition, the director now directly owns 165,000 shares in the company, valued at approximately $5,940,000. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.
Hedge Funds Weigh In On Astera Labs
A hedge fund recently bought a new stake in Astera Labs stock. Allspring Global Investments Holdings LLC bought a new position in Astera Labs, Inc. (NASDAQ:ALAB – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 251,596 shares of the company’s stock, valued at approximately $18,666,000. Allspring Global Investments Holdings LLC owned approximately 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.
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