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Allegro MicroSystems (ALGM)
NASDAQ:ALGM
US Market

Allegro MicroSystems (ALGM) Stock Forecast & Price Target

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See the Price Targets and Ratings of:

ALGM Analyst Ratings

Strong Buy
3Ratings
3 Buy
0 Hold
0 Sell
Based on 3 analysts giving stock ratings to
Allegro
MicroSystems
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

ALGM Stock 12 Month Forecast

Average Price Target

$38.67
▲(26.21% Upside)
Based on 3 Wall Street analysts offering 12 month price targets for Allegro MicroSystems in the last 3 months. The average price target is $38.67 with a high forecast of $45.00 and a low forecast of $35.00. The average price target represents a 26.21% change from the last price of $30.64.
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Highest Price Target$45.00Average Price Target$38.67Lowest Price Target$35.00
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts​

Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
Needham
$40.00
Buy
30.55%
Upside
Reiterated
02/02/24
Analysts Are Bullish on These Technology Stocks: Allegro MicroSystems (ALGM), Digi International (DGII)
Wolfe Research
$35.00
Buy
14.23%
Upside
Upgraded
02/02/24
Allegro MicroSystems upgraded to Outperform from Peer Perform at Wolfe ResearchAllegro MicroSystems upgraded to Outperform from Peer Perform at Wolfe Research
Mizuho Securities
$45.00
Buy
46.87%
Upside
Reiterated
02/01/24
Allegro MicroSystems price target lowered to $45 from $48 at MizuhoAllegro MicroSystems price target lowered to $45 from $48 at Mizuho
Barclays
$35.00
Buy
14.23%
Upside
Assigned
02/01/24
Barclays Keeps Their Buy Rating on Allegro MicroSystems (ALGM)
Jefferies
$60.00
Buy
95.82%
Upside
Assigned
08/22/23
Analysts Offer Insights on Technology Companies: Allegro MicroSystems (NASDAQ: ALGM), Tenable Holdings (NASDAQ: TENB) and MACOM Technology Solutions Holdings (NASDAQ: MTSI)
Bank of America Securities Analyst forecast on ALGM
Blake Friedman
Not Ranked
Bank of America Securities
$33.00
Hold
7.70%
Upside
Reiterated
02/01/24
Analysts Offer Insights on Technology Companies: Allegro MicroSystems (NASDAQ: ALGM), Okta (NASDAQ: OKTA) and Texas Instruments (NASDAQ: TXN)

ALGM Analyst Recommendation Trends

Rating
Dec 23
Jan 24
Feb 24
Mar 24
Apr 24
Strong Buy
3
5
4
3
2
Buy
2
3
6
7
7
Hold
2
1
2
1
1
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
7
9
12
11
10
In the current month, ALGM has received 9 Buy Ratings, 1 Hold Ratings, and 0 Sell Ratings. ALGM average Analyst price target in the past 3 months is $38.67.
Each month's total comprises the sum of three months' worth of ratings.
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ALGM Financial Forecast

ALGM Earnings Forecast

Next quarter’s earnings estimate for ALGM is $0.21 with a range of $0.21 to $0.23. The previous quarter’s EPS was $0.32. ALGM beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 66.58% of the time in the same period. In the last calendar year ALGM has Outperformed its overall industry.
Next quarter’s earnings estimate for ALGM is $0.21 with a range of $0.21 to $0.23. The previous quarter’s EPS was $0.32. ALGM beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 66.58% of the time in the same period. In the last calendar year ALGM has Outperformed its overall industry.

ALGM Sales Forecast

Next quarter’s sales forecast for ALGM is $234.96M with a range of $234.70M to $235.03M. The previous quarter’s sales results were $254.98M. ALGM beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 65.46% of the time in the same period. In the last calendar year ALGM has Outperformed its overall industry.
Next quarter’s sales forecast for ALGM is $234.96M with a range of $234.70M to $235.03M. The previous quarter’s sales results were $254.98M. ALGM beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 65.46% of the time in the same period. In the last calendar year ALGM has Outperformed its overall industry.

ALGM Stock Forecast FAQ

What is ALGM’s average 12-month price target, according to analysts?
Based on analyst ratings, Allegro MicroSystems’s 12-month average price target is $38.67.
    What is ALGM’s upside potential, based on the analysts’ average price target?
    Allegro MicroSystems has 26.21% upside potential, based on the analysts’ average price target.
      Can I see which stocks the top-ranking analysts are rating?
      Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
        How can I follow the stock ratings of top Wall Street analysts?
        Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
          Is ALGM a Buy, Sell or Hold?
          Allegro MicroSystems has a conensus rating of Strong Buy which is based on 3 buy ratings, 0 hold ratings and 0 sell ratings.
            What is Allegro MicroSystems’s price target?
            The average price target for Allegro MicroSystems is $38.67. This is based on 3 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is $45.00 ,the lowest forecast is $35.00. The average price target represents 26.21% Increase from the current price of $30.64.
              What do analysts say about Allegro MicroSystems?
              Allegro MicroSystems’s analyst rating consensus is a Strong Buy. This is based on the ratings of 3 Wall Streets Analysts.
                How can I buy shares of ALGM?
                Open a brokerage account, see exclusive account opening deals on our Best Online Brokers page.
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