Astera Labs (NASDAQ:ALAB) Receives New Coverage from Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of Astera Labs (NASDAQ:ALAB) in a report published on Monday morning, MarketBeat.com reports. The brokerage issued an overweight rating and a $85.00 price objective on the stock.

Several other equities research analysts also recently weighed in on the company. Barclays started coverage on Astera Labs in a report on Monday. They issued an overweight rating and a $85.00 price target for the company. Stifel Nicolaus started coverage on Astera Labs in a report on Monday. They set a buy rating and a $81.00 target price 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 target price for the company. Roth Mkm started coverage on Astera Labs in a report on Monday. They set a buy rating and a $85.00 target price for the company. Finally, Northland Securities started coverage on Astera Labs in a report on Monday, March 25th. They set an outperform rating and a $85.00 target price for the company. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Astera Labs has an average rating of Buy and a consensus price target of $84.70.

Astera Labs Stock Performance

Shares of NASDAQ ALAB opened at $71.30 on Monday. 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 related news, Director Jack R. Lazar purchased 10,000 shares of Astera Labs stock in a transaction that occurred on Friday, March 22nd. The stock was bought at an average cost of $36.00 per share, for a total transaction of $360,000.00. Following the completion of the transaction, the director now owns 165,000 shares in the company, valued at $5,940,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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.