Allegro Microsystems Inc has a consensus price target of $41.22, established from looking at the 37 latest analyst ratings. The last 3 analyst ratings were released from Needham, Wolfe Research, and Needham on February 2, 2024, February 2, 2024, and November 3, 2023. With an average price target of $39.67 between Needham, Wolfe Research, and Needham, there's an implied 47.13% upside for Allegro Microsystems Inc from these 3 analyst ratings.
1calculated from analyst ratings published within the last 3 years
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
---|---|---|---|---|---|---|---|---|---|---|---|
02/02/2024 | ALGM | Buy Now | Allegro Microsystems | $26.96 | 48.37% | Needham | Quinn Bolton | $44 → $40 | Maintains | Buy | Get Alert |
02/02/2024 | ALGM | Buy Now | Allegro Microsystems | $26.96 | 29.82% | Wolfe Research | Chris Caso | → $35 | Upgrade | Peer Perform → Outperform | Get Alert |
11/03/2023 | ALGM | Buy Now | Allegro Microsystems | $26.96 | 63.2% | Needham | Quinn Bolton | $50 → $44 | Maintains | Buy | Get Alert |
09/29/2023 | ALGM | Buy Now | Allegro Microsystems | $26.96 | 33.53% | B of A Securities | Blake Friedman | → $36 | Initiates | → Neutral | Get Alert |
08/09/2023 | ALGM | Buy Now | Allegro Microsystems | $26.96 | 85.46% | Needham | Quinn Bolton | → $50 | Reiterates | Buy → Buy | Get Alert |
08/02/2023 | ALGM | Buy Now | Allegro Microsystems | $26.96 | 85.46% | Needham | Quinn Bolton | → $50 | Reiterates | Buy → Buy | Get Alert |
07/26/2023 | ALGM | Buy Now | Allegro Microsystems | $26.96 | 122.55% | Wells Fargo | Gary Mobley | $52 → $60 | Maintains | Overweight | Get Alert |
07/20/2023 | ALGM | Buy Now | Allegro Microsystems | $26.96 | 107.72% | Mizuho | Vijay Rakesh | $50 → $56 | Maintains | Buy | Get Alert |
07/20/2023 | ALGM | Buy Now | Allegro Microsystems | $26.96 | 122.55% | Barclays | Blayne Curtis | $50 → $60 | Maintains | Overweight | Get Alert |
07/20/2023 | ALGM | Buy Now | Allegro Microsystems | $26.96 | — | Wolfe Research | Chris Caso | — | Initiates | → Peer Perform | Get Alert |
05/12/2023 | ALGM | Buy Now | Allegro Microsystems | $26.96 | 85.46% | Mizuho | Vijay Rakesh | $48 → $50 | Maintains | Buy | Get Alert |
05/12/2023 | ALGM | Buy Now | Allegro Microsystems | $26.96 | 85.46% | Needham | Quinn Bolton | → $50 | Reiterates | Buy → Buy | Get Alert |
03/15/2023 | ALGM | Buy Now | Allegro Microsystems | $26.96 | 85.46% | Needham | Quinn Bolton | $42 → $50 | Maintains | Buy | Get Alert |
03/15/2023 | ALGM | Buy Now | Allegro Microsystems | $26.96 | 85.46% | Barclays | Blayne Curtis | $44 → $50 | Maintains | Overweight | Get Alert |
02/01/2023 | ALGM | Buy Now | Allegro Microsystems | $26.96 | 63.2% | Cowen & Co. | Joshua Buchalter | $38 → $44 | Maintains | Outperform | Get Alert |
02/01/2023 | ALGM | Buy Now | Allegro Microsystems | $26.96 | 63.2% | Barclays | Blayne Curtis | $32 → $44 | Maintains | Overweight | Get Alert |
02/01/2023 | ALGM | Buy Now | Allegro Microsystems | $26.96 | 55.79% | Mizuho | Vijay Rakesh | $38 → $42 | Maintains | Buy | Get Alert |
02/01/2023 | ALGM | Buy Now | Allegro Microsystems | $26.96 | 55.79% | Needham | Quinn Bolton | $30 → $42 | Maintains | Buy | Get Alert |
01/23/2023 | ALGM | Buy Now | Allegro Microsystems | $26.96 | 18.69% | Barclays | Blayne Curtis | $26 → $32 | Maintains | Overweight | Get Alert |
The latest price target for Allegro Microsystems (NASDAQ: ALGM) was reported by Needham on February 2, 2024. The analyst firm set a price target for $40.00 expecting ALGM to rise to within 12 months (a possible 48.37% upside). 12 analyst firms have reported ratings in the last year.
The latest analyst rating for Allegro Microsystems (NASDAQ: ALGM) was provided by Needham, and Allegro Microsystems maintained their buy rating.
The last upgrade for Allegro Microsystems Inc happened on February 2, 2024 when Wolfe Research raised their price target to $35. Wolfe Research previously had a peer perform for Allegro Microsystems Inc.
There is no last downgrade for Allegro Microsystems.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Allegro Microsystems, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Allegro Microsystems was filed on February 2, 2024 so you should expect the next rating to be made available sometime around February 2, 2025.
While ratings are subjective and will change, the latest Allegro Microsystems (ALGM) rating was a maintained with a price target of $44.00 to $40.00. The current price Allegro Microsystems (ALGM) is trading at is $26.96, which is out of the analyst’s predicted range.
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