Jefferies analyst Blayne Curtis maintained a Buy rating on Astera Labs, Inc. (ALAB – Research Report) today and set a price target of $85.00. The company’s shares closed yesterday at $76.19.
According to TipRanks, Curtis is ranked #52 out of 8781 analysts.
Astera Labs, Inc. has an analyst consensus of Strong Buy, with a price target consensus of $85.22, an 11.85% upside from current levels. In a report released today, Needham also maintained a Buy rating on the stock with a $85.00 price target.
The company has a one-year high of $95.21 and a one-year low of $50.61. Currently, Astera Labs, Inc. has an average volume of 3.34M.
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ALAB in relation to earlier this year.
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Astera Labs, Inc. (ALAB) Company Description:
Astera Labs, Inc.,Our PCIe, CXL and Ethernet semiconductor-based connectivity solutions are purpose-built to unleash the full potential of cloud and AI infrastructure. Inspired by trusted partnerships with hyperscalers and the data center ecosystem, we are an innovation leader of products that are customizable, interoperable, and reliable.
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