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Analysts Offer Insights on Technology Companies: Astera Labs, Inc. (ALAB) and Pegasystems (PEGA)

Tipranks - Wed Apr 22, 4:26AM CDT

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Astera Labs, Inc. (ALAB) and Pegasystems (PEGA).

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Astera Labs, Inc. (ALAB)

UBS analyst Natalia Winkler initiated coverage with a Hold rating on Astera Labs, Inc. today and set a price target of $180.00. The company’s shares closed last Monday at $175.80.

According to TipRanks.com, Winkler is ranked #3689 out of 12209 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Astera Labs, Inc. with a $205.31 average price target, implying a 17.7% upside from current levels. In a report issued on April 11, TipRanks – PerPlexity also downgraded the stock to Hold with a $162.00 price target.

See today’s best-performing stocks on TipRanks >>

Pegasystems (PEGA)

In a report released today, Raimo Lenschow from Barclays maintained a Buy rating on Pegasystems, with a price target of $48.00. The company’s shares closed last Monday at $43.80.

According to TipRanks.com, Lenschow has 0 stars on 0-5 stars ranking scale with an average return of -2.3% and a 45.0% success rate. Lenschow covers the Technology sector, focusing on stocks such as The Descartes Systems Group, ZoomInfo Technologies, and Klaviyo, Inc. Class A. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Pegasystems with a $60.88 average price target, a 40.8% upside from current levels. In a report issued on April 6, RBC Capital also maintained a Buy rating on the stock with a $65.00 price target.

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