The latest price target for Allegro Microsystems (NASDAQ:ALGM) was reported by Wells Fargo on November 22, 2024. The analyst firm set a price target for $23.00 expecting ALGM to rise to within 12 months (a possible 6.53% upside). 15 analyst firms have reported ratings in the last year.

The latest analyst rating for Allegro Microsystems (NASDAQ:ALGM) was provided by Wells Fargo, and Allegro Microsystems initiated their overweight rating.

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.

There is no last downgrade for Allegro Microsystems.

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 November 22, 2024 so you should expect the next rating to be made available sometime around November 22, 2025.

While ratings are subjective and will change, the latest Allegro Microsystems (ALGM) rating was a initiated with a price target of $0.00 to $23.00. The current price Allegro Microsystems (ALGM) is trading at is $21.59, which is within the analyst’s predicted range.