Astera Labs, Inc. (ALAB): New Buy Recommendation for This Technology Giant

Northland Securities analyst Gus Richard maintained a Buy rating on Astera Labs, Inc. today and set a price target of $195.00.

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Richard covers the Technology sector, focusing on stocks such as Synaptics, Enphase Energy, and Power Integrations. According to TipRanks, Richard has an average return of 20.6% and a 57.09% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Astera Labs, Inc. with a $207.50 average price target.

Based on Astera Labs, Inc.’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $270.58 million and a net profit of $44.98 million. In comparison, last year the company earned a revenue of $141.1 million and had a net profit of $24.71 million

Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ALAB in relation to earlier this year. Last month, Philip Mazzara, the GC & Secretary of ALAB sold 4,849.00 shares for a total of $600,299.88.