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$25.42
-0.49-1.89%
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$25.42
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Allegro Microsystems Analyst Ratings and Price Targets | NASDAQ:ALGM | Benzinga
Allegro Microsystems Inc has a consensus price target of $30.77 based on the ratings of 13 analysts. The high is $44 issued by Cowen & Co. on February 1, 2023. The low is $23 issued by Barclays on May 9, 2025. The 3 most-recent analyst ratings were released by UBS, Barclays, and Needham on May 9, 2025, respectively. With an average price target of $24.33 between UBS, Barclays, and Needham, there's an implied -4.27% downside for Allegro Microsystems Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
UBS
Barclays
Needham
Mizuho
Morgan Stanley
1calculated from analyst ratings
Analyst Ratings for Allegro Microsystems
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 05/09/2025 | Buy Now | -1.65% | UBS | Timothy Arcuri77% | $22 → $25 | Maintains | Buy | Get Alert |
| 05/09/2025 | Buy Now | -9.52% | Barclays | Blayne Curtis72% | $22 → $23 | Maintains | Overweight | Get Alert |
| 05/09/2025 | Buy Now | -1.65% | Needham | Quinn Bolton81% | $30 → $25 | Maintains | Buy | Get Alert |
| 04/29/2025 | Buy Now | -13.45% | UBS | Timothy Arcuri77% | $30 → $22 | Maintains | Buy | Get Alert |
| 04/22/2025 | Buy Now | -13.45% | Barclays | Blayne Curtis72% | $30 → $22 | Maintains | Overweight | Get Alert |
| 03/24/2025 | Buy Now | 21.95% | Mizuho | Vijay Rakesh75% | $28 → $31 | Maintains | Outperform | Get Alert |
| 02/24/2025 | Buy Now | 18.02% | Needham | Quinn Bolton81% | $30 → $30 | Reiterates | Buy → Buy | Get Alert |
| 02/03/2025 | Buy Now | -9.52% | Morgan Stanley | Joseph Moore72% | $21 → $23 | Maintains | Equal-Weight | Get Alert |
| 01/31/2025 | Buy Now | 18.02% | Needham | Quinn Bolton81% | $30 → $30 | Reiterates | Buy → Buy | Get Alert |
| 01/17/2025 | Buy Now | 18.02% | Barclays | Blayne Curtis72% | $25 → $30 | Maintains | Overweight | Get Alert |
| 01/13/2025 | Buy Now | 6.22% | Wells Fargo | Joseph Quatrochi74% | $23 → $27 | Maintains | Overweight | Get Alert |
| 11/22/2024 | Buy Now | -9.52% | Wells Fargo | Gary Mobley70% | → $23 | Initiates | → Overweight | Get Alert |
| 11/07/2024 | Buy Now | -17.39% | Morgan Stanley | Joseph Moore72% | → $21 | Initiates | → Equal-Weight | Get Alert |
| 11/01/2024 | Buy Now | -1.65% | Barclays | Blayne Curtis72% | $32 → $25 | Maintains | Overweight | Get Alert |
| 10/31/2024 | Buy Now | 18.02% | Needham | Quinn Bolton81% | $33 → $30 | Maintains | Buy | Get Alert |
| 09/03/2024 | Buy Now | 29.82% | UBS | Timothy Arcuri77% | → $33 | Initiates | → Buy | Get Alert |
| 08/02/2024 | Buy Now | 29.82% | Needham | Quinn Bolton81% | $33 → $33 | Reiterates | Buy → Buy | Get Alert |
| 06/13/2024 | Buy Now | 37.69% | TD Cowen | Joshua Buchalter41% | $32 → $35 | Maintains | Buy | Get Alert |
| 05/13/2024 | Buy Now | 45.55% | Jefferies | Blayne Curtis72% | → $37 | Assumes | Buy → Buy | Get Alert |
| 05/10/2024 | Buy Now | 25.89% | Barclays | Blayne Curtis72% | $35 → $32 | Maintains | Overweight | Get Alert |
| 05/10/2024 | Buy Now | 25.89% | TD Cowen | Joshua Buchalter41% | $35 → $32 | Maintains | Buy | Get Alert |
| 05/10/2024 | Buy Now | 37.69% | Mizuho | Vijay Rakesh75% | $45 → $35 | Maintains | Buy | Get Alert |
| 05/10/2024 | Buy Now | 29.82% | Needham | Quinn Bolton81% | $40 → $33 | Maintains | Buy | Get Alert |
| 04/16/2024 | Buy Now | 41.62% | Evercore ISI Group | Mark Lipacis73% | → $36 | Initiates | → Outperform | Get Alert |
| 02/02/2024 | Buy Now | 57.36% | Needham | Quinn Bolton81% | $44 → $40 | Maintains | Buy | Get Alert |
| 02/02/2024 | Buy Now | 37.69% | Wolfe Research | Chris Caso85% | → $35 | Upgrade | Peer Perform → Outperform | Get Alert |
| 11/03/2023 | Buy Now | 73.09% | Needham | Quinn Bolton81% | $50 → $44 | Maintains | Buy | Get Alert |
| 09/29/2023 | Buy Now | 41.62% | B of A Securities | Blake Friedman51% | → $36 | Initiates | → Neutral | Get Alert |
| 08/09/2023 | Buy Now | 96.7% | Needham | Quinn Bolton81% | → $50 | Reiterates | Buy → Buy | Get Alert |
| 08/02/2023 | Buy Now | 96.7% | Needham | Quinn Bolton81% | → $50 | Reiterates | Buy → Buy | Get Alert |
| 07/26/2023 | Buy Now | 136.03% | Wells Fargo | Gary Mobley70% | $52 → $60 | Maintains | Overweight | Get Alert |
| 07/20/2023 | Buy Now | 120.3% | Mizuho | Vijay Rakesh75% | $50 → $56 | Maintains | Buy | Get Alert |
| 07/20/2023 | Buy Now | 136.03% | Barclays | Blayne Curtis72% | $50 → $60 | Maintains | Overweight | Get Alert |
| 07/20/2023 | Buy Now | — | Wolfe Research | Chris Caso85% | — | Initiates | → Peer Perform | Get Alert |
| 05/12/2023 | Buy Now | 96.7% | Mizuho | Vijay Rakesh75% | $48 → $50 | Maintains | Buy | Get Alert |
| 05/12/2023 | Buy Now | 96.7% | Needham | Quinn Bolton81% | → $50 | Reiterates | Buy → Buy | Get Alert |
| 03/15/2023 | Buy Now | 96.7% | Needham | Quinn Bolton81% | $42 → $50 | Maintains | Buy | Get Alert |
| 03/15/2023 | Buy Now | 96.7% | Barclays | Blayne Curtis72% | $44 → $50 | Maintains | Overweight | Get Alert |
| 02/01/2023 | Buy Now | 73.09% | Cowen & Co. | Joshua Buchalter41% | $38 → $44 | Maintains | Outperform | Get Alert |
| 02/01/2023 | Buy Now | 73.09% | Barclays | Blayne Curtis72% | $32 → $44 | Maintains | Overweight | Get Alert |
| 02/01/2023 | Buy Now | 65.22% | Mizuho | Vijay Rakesh75% | $38 → $42 | Maintains | Buy | Get Alert |
| 02/01/2023 | Buy Now | 65.22% | Needham | Quinn Bolton81% | $30 → $42 | Maintains | Buy | Get Alert |
| 01/23/2023 | Buy Now | 25.89% | Barclays | Blayne Curtis72% | $26 → $32 | Maintains | Overweight | Get Alert |
| 01/20/2023 | Buy Now | 49.49% | Cowen & Co. | Joshua Buchalter41% | $30 → $38 | Maintains | Outperform | Get Alert |
| 01/09/2023 | Buy Now | 37.69% | Wells Fargo | Gary Mobley70% | $30 → $35 | Maintains | Overweight | Get Alert |
| 10/28/2022 | Buy Now | 49.49% | Mizuho | Vijay Rakesh75% | $42 → $38 | Maintains | Buy | Get Alert |
| 10/27/2022 | Buy Now | 18.02% | Needham | Quinn Bolton81% | $27 → $30 | Maintains | Buy | Get Alert |
| 07/29/2022 | Buy Now | 6.22% | Needham | Quinn Bolton81% | $25 → $27 | Maintains | Buy | Get Alert |
| 07/25/2022 | Buy Now | 2.28% | Barclays | Blayne Curtis72% | $31 → $26 | Maintains | Overweight | Get Alert |
| 07/11/2022 | Buy Now | 18.02% | Wells Fargo | Gary Mobley70% | $35 → $30 | Maintains | Overweight | Get Alert |
| 05/25/2022 | Buy Now | 18.02% | Cowen & Co. | Joshua Buchalter41% | → $30 | Initiates | → Outperform | Get Alert |
FAQ
What is the target price for Allegro Microsystems (ALGM) stock?
The latest price target for Allegro Microsystems (NASDAQ:ALGM) was reported by UBS on May 9, 2025. The analyst firm set a price target for $25.00 expecting ALGM to fall to within 12 months (a possible -1.65% downside). 18 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Allegro Microsystems (ALGM)?
The latest analyst rating for Allegro Microsystems (NASDAQ:ALGM) was provided by UBS, and Allegro Microsystems maintained their buy rating.
When was the last upgrade for Allegro Microsystems (ALGM)?
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.
When was the last downgrade for Allegro Microsystems (ALGM)?
There is no last downgrade for Allegro Microsystems.
When is the next analyst rating going to be posted or updated for Allegro Microsystems (ALGM)?
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 May 9, 2025 so you should expect the next rating to be made available sometime around May 9, 2026.
Is the Analyst Rating Allegro Microsystems (ALGM) correct?
While ratings are subjective and will change, the latest Allegro Microsystems (ALGM) rating was a maintained with a price target of $22.00 to $25.00. The current price Allegro Microsystems (ALGM) is trading at is $25.42, which is out of the analyst’s predicted range.
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