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Allegro Microsystems Analyst Ratings and Price Targets | NASDAQ:ALGM | Benzinga
Allegro Microsystems Inc has a consensus price target of $32.31 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 Morgan Stanley on February 3, 2025. The 3 most-recent analyst ratings were released by Mizuho, Needham, and Morgan Stanley on March 24, 2025, February 24, 2025, and February 3, 2025, respectively. With an average price target of $28 between Mizuho, Needham, and Morgan Stanley, there's an implied 3.24% upside for Allegro Microsystems Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Mizuho
Needham
Morgan Stanley
Barclays
Wells Fargo
1calculated from analyst ratings
Analyst Ratings for Allegro Microsystems
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 03/24/2025 | Buy Now | 14.31% | Mizuho | Vijay Rakesh74% | $28 → $31 | Maintains | Outperform | Get Alert |
| 02/24/2025 | Buy Now | 10.62% | Needham | Quinn Bolton79% | $30 → $30 | Reiterates | Buy → Buy | Get Alert |
| 02/03/2025 | Buy Now | -15.19% | Morgan Stanley | Joseph Moore70% | $21 → $23 | Maintains | Equal-Weight | Get Alert |
| 01/31/2025 | Buy Now | 10.62% | Needham | Quinn Bolton79% | $30 → $30 | Reiterates | Buy → Buy | Get Alert |
| 01/17/2025 | Buy Now | 10.62% | Barclays | Blayne Curtis71% | $25 → $30 | Maintains | Overweight | Get Alert |
| 01/13/2025 | Buy Now | -0.44% | Wells Fargo | Joseph Quatrochi76% | $23 → $27 | Maintains | Overweight | Get Alert |
| 11/22/2024 | Buy Now | -15.19% | Wells Fargo | Gary Mobley70% | → $23 | Initiates | → Overweight | Get Alert |
| 11/07/2024 | Buy Now | -22.57% | Morgan Stanley | Joseph Moore70% | → $21 | Initiates | → Equal-Weight | Get Alert |
| 11/01/2024 | Buy Now | -7.82% | Barclays | Blayne Curtis71% | $32 → $25 | Maintains | Overweight | Get Alert |
| 10/31/2024 | Buy Now | 10.62% | Needham | Quinn Bolton79% | $33 → $30 | Maintains | Buy | Get Alert |
| 09/03/2024 | Buy Now | 21.68% | UBS | Timothy Arcuri76% | → $33 | Initiates | → Buy | Get Alert |
| 08/02/2024 | Buy Now | 21.68% | Needham | Quinn Bolton79% | $33 → $33 | Reiterates | Buy → Buy | Get Alert |
| 06/13/2024 | Buy Now | 29.06% | TD Cowen | Joshua Buchalter35% | $32 → $35 | Maintains | Buy | Get Alert |
| 05/13/2024 | Buy Now | 36.43% | Jefferies | Blayne Curtis71% | → $37 | Assumes | Buy → Buy | Get Alert |
| 05/10/2024 | Buy Now | 17.99% | Barclays | Blayne Curtis71% | $35 → $32 | Maintains | Overweight | Get Alert |
| 05/10/2024 | Buy Now | 17.99% | TD Cowen | Joshua Buchalter35% | $35 → $32 | Maintains | Buy | Get Alert |
| 05/10/2024 | Buy Now | 29.06% | Mizuho | Vijay Rakesh74% | $45 → $35 | Maintains | Buy | Get Alert |
| 05/10/2024 | Buy Now | 21.68% | Needham | Quinn Bolton79% | $40 → $33 | Maintains | Buy | Get Alert |
| 04/16/2024 | Buy Now | 32.74% | Evercore ISI Group | Mark Lipacis73% | → $36 | Initiates | → Outperform | Get Alert |
| 02/02/2024 | Buy Now | 47.49% | Needham | Quinn Bolton79% | $44 → $40 | Maintains | Buy | Get Alert |
| 02/02/2024 | Buy Now | 29.06% | Wolfe Research | Chris Caso85% | → $35 | Upgrade | Peer Perform → Outperform | Get Alert |
| 11/03/2023 | Buy Now | 62.24% | Needham | Quinn Bolton79% | $50 → $44 | Maintains | Buy | Get Alert |
| 09/29/2023 | Buy Now | 32.74% | B of A Securities | Blake Friedman5% | → $36 | Initiates | → Neutral | Get Alert |
| 08/09/2023 | Buy Now | 84.37% | Needham | Quinn Bolton79% | → $50 | Reiterates | Buy → Buy | Get Alert |
| 08/02/2023 | Buy Now | 84.37% | Needham | Quinn Bolton79% | → $50 | Reiterates | Buy → Buy | Get Alert |
| 07/26/2023 | Buy Now | 121.24% | Wells Fargo | Gary Mobley70% | $52 → $60 | Maintains | Overweight | Get Alert |
| 07/20/2023 | Buy Now | 106.49% | Mizuho | Vijay Rakesh74% | $50 → $56 | Maintains | Buy | Get Alert |
| 07/20/2023 | Buy Now | 121.24% | Barclays | Blayne Curtis71% | $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 | 84.37% | Mizuho | Vijay Rakesh74% | $48 → $50 | Maintains | Buy | Get Alert |
| 05/12/2023 | Buy Now | 84.37% | Needham | Quinn Bolton79% | → $50 | Reiterates | Buy → Buy | Get Alert |
| 03/15/2023 | Buy Now | 84.37% | Needham | Quinn Bolton79% | $42 → $50 | Maintains | Buy | Get Alert |
| 03/15/2023 | Buy Now | 84.37% | Barclays | Blayne Curtis71% | $44 → $50 | Maintains | Overweight | Get Alert |
| 02/01/2023 | Buy Now | 62.24% | Cowen & Co. | Joshua Buchalter35% | $38 → $44 | Maintains | Outperform | Get Alert |
| 02/01/2023 | Buy Now | 62.24% | Barclays | Blayne Curtis71% | $32 → $44 | Maintains | Overweight | Get Alert |
| 02/01/2023 | Buy Now | 54.87% | Mizuho | Vijay Rakesh74% | $38 → $42 | Maintains | Buy | Get Alert |
| 02/01/2023 | Buy Now | 54.87% | Needham | Quinn Bolton79% | $30 → $42 | Maintains | Buy | Get Alert |
| 01/23/2023 | Buy Now | 17.99% | Barclays | Blayne Curtis71% | $26 → $32 | Maintains | Overweight | Get Alert |
| 01/20/2023 | Buy Now | 40.12% | Cowen & Co. | Joshua Buchalter35% | $30 → $38 | Maintains | Outperform | Get Alert |
| 01/09/2023 | Buy Now | 29.06% | Wells Fargo | Gary Mobley70% | $30 → $35 | Maintains | Overweight | Get Alert |
| 10/28/2022 | Buy Now | 40.12% | Mizuho | Vijay Rakesh74% | $42 → $38 | Maintains | Buy | Get Alert |
| 10/27/2022 | Buy Now | 10.62% | Needham | Quinn Bolton79% | $27 → $30 | Maintains | Buy | Get Alert |
| 07/29/2022 | Buy Now | -0.44% | Needham | Quinn Bolton79% | $25 → $27 | Maintains | Buy | Get Alert |
| 07/25/2022 | Buy Now | -4.13% | Barclays | Blayne Curtis71% | $31 → $26 | Maintains | Overweight | Get Alert |
| 07/11/2022 | Buy Now | 10.62% | Wells Fargo | Gary Mobley70% | $35 → $30 | Maintains | Overweight | Get Alert |
| 05/25/2022 | Buy Now | 10.62% | Cowen & Co. | Joshua Buchalter35% | → $30 | Initiates | → Outperform | Get Alert |
| 05/11/2022 | Buy Now | 54.87% | Mizuho | Vijay Rakesh74% | $44 → $42 | Maintains | Buy | Get Alert |
| 05/11/2022 | Buy Now | 14.31% | Needham | Quinn Bolton79% | $40 → $31 | Maintains | Buy | Get Alert |
| 04/25/2022 | Buy Now | 14.31% | Barclays | Blayne Curtis71% | $35 → $31 | Maintains | Overweight | Get Alert |
| 04/20/2022 | Buy Now | 62.24% | Mizuho | Vijay Rakesh74% | $45 → $44 | Maintains | Buy | 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 Mizuho on March 24, 2025. The analyst firm set a price target for $31.00 expecting ALGM to rise to within 12 months (a possible 14.31% upside). 19 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 Mizuho, and Allegro Microsystems maintained their outperform 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 March 24, 2025 so you should expect the next rating to be made available sometime around March 24, 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 $28.00 to $31.00. The current price Allegro Microsystems (ALGM) is trading at is $27.12, which is out of the analyst’s predicted range.
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