Allegro MicroSystems, Inc.

ALGMNASDAQTechnologySemiconductors

$31.48- (-)1Y +2.26%

As of Oct 23, 2026 close

Market cap: $5.91B
P/E (TTM): 416.24
Forward P/E: -
Dividend yield: -
52-week range: $22.41$71.77
Volume (live): -
Avg. volume (3M): 2.82M

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 9 professional research analysts

Consensus Rating

Buy

Based on 9 unique analysts

(11 total ratings in last 90 days)

Medium Confidence∞:1 Buy/Sell

Average Price Target

$51.50

+63.60% 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)

Date	Analyst	Firm	Action	Rating	Price Target
Oct 20, 2026	Joseph Quatrochi	Wells Fargo	Maintains	Buy	$56.00 → $45.00 −11.00 (−19.6%)
Oct 5, 2026	Zacks Equity Research	Zacks Equity Research	Initiates Coverage	Hold	-
Oct 2, 2026	Srini Pajjuri	RBC Capital	Initiates	Buy	$50.00
Sep 18, 2026	Joseph Moore	Morgan Stanley	Reiterates	Buy	$52.00
Aug 25, 2026	Vijay Rakesh	Mizuho	Reiterates	Buy	$58.00
Jul 31, 2026	Joshua Buchalter	TD Cowen	Maintains	Buy	$66.00 → $48.00 −18.00 (−27.3%)
Jul 31, 2026	Thomas O'Malley	Barclays	Maintains	Hold	$48.00
Jul 31, 2026	Vivek Arya	BofA Securities	Reiterates	Buy	$54.00
Jul 30, 2026	Joshua Buchalter	TD Cowen	Maintains	Buy	$66.00 → $48.00 −18.00 (−27.3%)
Jul 30, 2026	Vivek Arya	BofA Securities	Reiterates	Buy	$54.00
Jul 30, 2026	Quinn Bolton	Needham	Maintains	Buy	$55.00 → $57.00 +2.00 (+3.6%)

Joseph Quatrochi

Wells Fargo

BuyMaintains

$56.00 → $45.00

Oct 20

Zacks Equity Research

HoldInitiates Coverage

Oct 5

Srini Pajjuri

RBC Capital

BuyInitiates

$50.00

Oct 2

Joseph Moore

Morgan Stanley

BuyReiterates

$52.00

Sep 18

Vijay Rakesh

Mizuho

BuyReiterates

$58.00

Aug 25

Joshua Buchalter

TD Cowen

BuyMaintains

$66.00 → $48.00

Jul 31

Thomas O'Malley

Barclays

HoldMaintains

$48.00

Jul 31

Vivek Arya

BofA Securities

BuyReiterates

$54.00

Jul 31

Joshua Buchalter

TD Cowen

BuyMaintains

$66.00 → $48.00

Jul 30

Vivek Arya

BofA Securities

BuyReiterates

$54.00

Jul 30

Quinn Bolton

Needham

BuyMaintains

$55.00 → $57.00

Jul 30

Source: Professional analyst ratings and price targets from the last 90 days. Data as of Oct 20, 2026. Data sources and methodology

Frequently Asked Questions

What is the analyst consensus rating for ALGM?

The analyst consensus rating for ALGM is Buy, based on the latest ratings from 9 analysts over the last 90 days.

What is the average price target for ALGM?

The average 12-month price target for ALGM is $51.50, representing an upside of 63.6% from the Oct 23, 2026 close of $31.48.

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.