
Astera Labs (NASDAQ:ALAB) Shares Gap Up - Still a Buy?

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Astera Labs (NASDAQ:ALAB) shares opened at $181.50 after closing at $169.55, reaching $191.34 with a trading volume of 1,811,128. Analysts have mixed ratings, with Barclays at "equal weight" and a $155 target, while Morgan Stanley raised theirs to $200. The company reported $0.44 EPS, exceeding estimates, with revenue up 149.5% year-over-year. Insider sales totaled over $192 million in three months, and institutional investors have recently increased their stakes. The average target price is $162.06, with a consensus rating of "Moderate Buy."
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