Allegro Microsystems
(NASDAQ:ALGM)
$26.96
0.16[0.60%]
At close: Mar 28
$26.96
0[0.00%]
After Hours: 5:38PM EDT
Consensus Rating1
Outperform
Highest Price Target1
$60.00
Lowest Price Target1
$35.00
Consensus Price Target1
$41.22

Allegro Microsystems Stock (NASDAQ:ALGM), Analyst Ratings, Price Targets, Predictions

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.

Analyst Rating Summary1

Analyst Ratings
Nov 23
1
Feb
2
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Needham
Wolfe Research
B of A Securities
Wells Fargo
Mizuho

1calculated from analyst ratings published within the last 3 years

Analyst Ratings for Allegro Microsystems

date
ticker
Buy Now
Company
Current price
Upside/Downside
Analyst Firm
Analyst & % Accurate
Price Target Change
Rating Change
Previous / Current Rating
Get Alert
02/02/2024ALGMBuy Now
Allegro Microsystems
$26.9648.37%Needham
Quinn Bolton
$44 → $40MaintainsBuyGet Alert
02/02/2024ALGMBuy Now
Allegro Microsystems
$26.9629.82%Wolfe Research
Chris Caso
→ $35UpgradePeer Perform → OutperformGet Alert
11/03/2023ALGMBuy Now
Allegro Microsystems
$26.9663.2%Needham
Quinn Bolton
$50 → $44MaintainsBuyGet Alert
09/29/2023ALGMBuy Now
Allegro Microsystems
$26.9633.53%B of A Securities
Blake Friedman
→ $36Initiates → NeutralGet Alert
08/09/2023ALGMBuy Now
Allegro Microsystems
$26.9685.46%Needham
Quinn Bolton
→ $50ReiteratesBuy → BuyGet Alert
08/02/2023ALGMBuy Now
Allegro Microsystems
$26.9685.46%Needham
Quinn Bolton
→ $50ReiteratesBuy → BuyGet Alert
07/26/2023ALGMBuy Now
Allegro Microsystems
$26.96122.55%Wells Fargo
Gary Mobley
$52 → $60MaintainsOverweightGet Alert
07/20/2023ALGMBuy Now
Allegro Microsystems
$26.96107.72%Mizuho
Vijay Rakesh
$50 → $56MaintainsBuyGet Alert
07/20/2023ALGMBuy Now
Allegro Microsystems
$26.96122.55%Barclays
Blayne Curtis
$50 → $60MaintainsOverweightGet Alert
07/20/2023ALGMBuy Now
Allegro Microsystems
$26.96Wolfe Research
Chris Caso
Initiates → Peer PerformGet Alert
05/12/2023ALGMBuy Now
Allegro Microsystems
$26.9685.46%Mizuho
Vijay Rakesh
$48 → $50MaintainsBuyGet Alert
05/12/2023ALGMBuy Now
Allegro Microsystems
$26.9685.46%Needham
Quinn Bolton
→ $50ReiteratesBuy → BuyGet Alert
03/15/2023ALGMBuy Now
Allegro Microsystems
$26.9685.46%Needham
Quinn Bolton
$42 → $50MaintainsBuyGet Alert
03/15/2023ALGMBuy Now
Allegro Microsystems
$26.9685.46%Barclays
Blayne Curtis
$44 → $50MaintainsOverweightGet Alert
02/01/2023ALGMBuy Now
Allegro Microsystems
$26.9663.2%Cowen & Co.
Joshua Buchalter
$38 → $44MaintainsOutperformGet Alert
02/01/2023ALGMBuy Now
Allegro Microsystems
$26.9663.2%Barclays
Blayne Curtis
$32 → $44MaintainsOverweightGet Alert
02/01/2023ALGMBuy Now
Allegro Microsystems
$26.9655.79%Mizuho
Vijay Rakesh
$38 → $42MaintainsBuyGet Alert
02/01/2023ALGMBuy Now
Allegro Microsystems
$26.9655.79%Needham
Quinn Bolton
$30 → $42MaintainsBuyGet Alert
01/23/2023ALGMBuy Now
Allegro Microsystems
$26.9618.69%Barclays
Blayne Curtis
$26 → $32MaintainsOverweightGet Alert

FAQ

Q

What is the target price for Allegro Microsystems (ALGM)?

A

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.

Q

What is the most recent analyst rating for Allegro Microsystems (ALGM)?

A

The latest analyst rating for Allegro Microsystems (NASDAQ: ALGM) was provided by Needham, and Allegro Microsystems maintained their buy rating.

Q

When was the last upgrade for Allegro Microsystems (ALGM)?

A

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.

Q

When was the last downgrade for Allegro Microsystems (ALGM)?

A

There is no last downgrade for Allegro Microsystems.

Q

When is the next analyst rating going to be posted or updated for Allegro Microsystems (ALGM)?

A

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.

Q

Is the Analyst Rating Allegro Microsystems (ALGM) correct?

A

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.

Browse analyst ratings and price targets on all stocks.

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