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ALGM
(NASDAQ)
Allegro MicroSystems, Inc.
$50.07-- (--)
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Allegro MicroSystems, Inc. (ALGM) Analyst Forecast

Analyst consensus ratings, 12-month price targets, and expert recommendations for Allegro MicroSystems, Inc. stock.

Analyst Consensus Rating

Investment consensus from 10 professional research analysts

Consensus Rating

Buy
Based on 10 unique analysts
(14 total ratings in last 90 days)
High Confidence∞:1 Buy/Sell

Average Price Target

$57.00
↑ 13.84% Upside

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Strong Sell
Sell
Hold
Buy
Strong Buy

Latest ALGM Analyst Ratings & Recommendations

Recent analyst recommendations with rating changes and price target updates (last 90 days)

Joshua Buchalter
TD Cowen
BuyMaintains
$70.00 → $66.00
Anirudha Bhagat
Zacks Equity Research
BuyInitiates Coverage
-
Joseph Moore
Morgan Stanley
BuyMaintains
$51.00
Vijay Rakesh
Mizuho
HoldMaintains
$54.00 → $67.00
Joshua Buchalter
TD Cowen
BuyReiterates
$55.00 → $70.00
Joseph Quatrochi
Wells Fargo
BuyReiterates
$60.00 → $56.00
Joshua Buchalter
TD Cowen
BuyReiterates
$45.00 → $55.00
Thomas O'Malley
Barclays
BuyReiterates
$46.00 → $48.00
Timothy Arcuri
UBS
BuyMaintains
$52.00 → $55.00
Mark Lipacis
Evercore ISI Group
BuyMaintains
$49.00 → $53.00
Vijay Rakesh
Mizuho
BuyReiterates
$44.00 → $54.00
Blayne Curtis
Jefferies
BuyMaintains
$45.00 → $62.00
Joshua Buchalter
TD Cowen
BuyInitiates Coverage
$45.00 → $55.00
Quinn Bolton
Needham
BuyMaintains
$45.00 → $55.00

Frequently Asked Questions

What is the analyst consensus rating for ALGM?

The analyst consensus rating for ALGM is "Buy" based on 10 analyst recommendations.

What is the average price target for ALGM?

The average 12-month price target for ALGM is $57.00, representing an upside of 13.8% from the current price of $50.07.

What do analyst ratings mean?

Analyst ratings indicate investment recommendations: Strong Buy and Buy are bullish signals suggesting the stock may outperform. Hold means the stock is fairly valued. Sell and Strong Sell are bearish signals suggesting potential underperformance. These ratings are based on fundamental analysis and valuation models.

What is a price target?

A price target is an analyst's projection of a stock's fair value over a specific timeframe, typically 12 months. Analysts use fundamental analysis, financial modeling, and industry comparisons to estimate where the stock should trade. Price targets can range from low (conservative) to high (optimistic) estimates.