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

Moderate Buy
2Ratings
2 Buy
0 Hold
0 Sell
Based on 2 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 Months Forecast

Average Price Target

$34.00
▲(7.94% Upside)
Based on 2 Wall Street analysts offering 12 month price targets for Allegro MicroSystems in the last 3 months. The average price target is $34.00 with a high forecast of $38.00 and a low forecast of $30.00. The average price target represents a 7.94% change from the last price of $31.50.
Highest Price Target$38.00Average Price Target$34.00Lowest Price Target$30.00
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
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Barclays
$26.00
Buy
-17.46%
Downside
Reiterated
Barclays Maintains Overweight on Allegro Microsystems, Lowers Price Target to $26
Wells Fargo
$30.00
Buy
-4.76%
Downside
Reiterated
Allegro MicroSystems (ALGM) Receives a Buy from Wells Fargo
Cowen & Co.
$30.00
Buy
-4.76%
Downside
Initiated
Allegro MicroSystems initiated with an Outperform at CowenAllegro MicroSystems initiated with an Outperform at Cowen
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ALGM Financial Forecast

ALGM Earnings Forecast
Next quarter’s earnings estimate for ALGM is $0.31 with a range of $0.28 to $0.32. The previous quarter’s EPS was $0.31. ALGM beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 62.72% 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 $0.31 with a range of $0.28 to $0.32. The previous quarter’s EPS was $0.31. ALGM beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 62.72% 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 $243.58M with a range of $234.09M to $245.60M. The previous quarter’s sales results were $237.67M. ALGM beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 67.08% 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 $243.58M with a range of $234.09M to $245.60M. The previous quarter’s sales results were $237.67M. ALGM beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 67.08% of the time in the same period. In the last calendar year ALGM has Outperformed its overall industry.
ALGM Analyst Recommendation Trends
In the current month, ALGM has received 0 Buy ratings 0 Hold ratings, and 0 Sell ratings. The ALGM average analyst price target in the past 3 months is $34.00
In the current month, ALGM has received 0 Buy ratings 0 Hold ratings, and 0 Sell ratings. The ALGM average analyst price target in the past 3 months is $34.00

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 $34.00.
    What is ALGM’s upside potential, based on the analysts’ average price target?
    Allegro MicroSystems has 7.94% 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 Moderate Buy which is based on 2 buy ratings, 0 hold ratings and 0 sell ratings.
            What is Allegro MicroSystems’s price target?
            The average price target for Allegro MicroSystems is $34.00. This is based on 2 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is $38.00 ,the lowest forecast is $30.00. The average price target represents 7.94% Increase from the current price of $31.5.
              What do analysts say about Allegro MicroSystems?
              Allegro MicroSystems’s analyst rating consensus is a ‘Moderate Buy. This is based on the ratings of 2 Wall Streets Analysts.

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