$28.89
0.10.35%
At Close: -
$28.45
-0.44-1.52%
After Hours: 7:21 PM EDT
15 minutes delayed
Comments
Loading...
Allegro Microsystems
ALGMNASDAQ
Unlock major analysts' bullish and bearish positions by joining Benzinga Edge.
Allegro Microsystems (NASDAQ:ALGM) Stock, Analyst Ratings, Price Targets, Forecasts
Allegro Microsystems Inc has a consensus price target of $38.45 based on the ratings of 11 analysts. The high is $60 issued by Wells Fargo on July 26, 2023. The low is $32 issued by Barclays on May 10, 2024. The 3 most-recent analyst ratings were released by TD Cowen, Jefferies, and Barclays on June 13, 2024, May 13, 2024, and May 10, 2024, respectively. With an average price target of $34.67 between TD Cowen, Jefferies, and Barclays, there's an implied 21.85% upside for Allegro Microsystems Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
TD Cowen
Jefferies
Barclays
Mizuho
Needham
1calculated from analyst ratings
Analyst Ratings for Allegro Microsystems
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 06/13/2024 | Buy Now | 23.02% | TD Cowen | Joshua Buchalter | $32 → $35 | Maintains | Buy | Get Alert |
| 05/13/2024 | Buy Now | 30.05% | Jefferies | Blayne Curtis | → $37 | Assumes | Buy → Buy | Get Alert |
| 05/10/2024 | Buy Now | 12.48% | Barclays | Blayne Curtis | $35 → $32 | Maintains | Overweight | Get Alert |
| 05/10/2024 | Buy Now | 12.48% | TD Cowen | Joshua Buchalter | $35 → $32 | Maintains | Buy | Get Alert |
| 05/10/2024 | Buy Now | 23.02% | Mizuho | Vijay Rakesh | $45 → $35 | Maintains | Buy | Get Alert |
| 05/10/2024 | Buy Now | 15.99% | Needham | Quinn Bolton | $40 → $33 | Maintains | Buy | Get Alert |
| 04/16/2024 | Buy Now | 26.54% | Evercore ISI Group | Mark Lipacis | → $36 | Initiates | → Outperform | Get Alert |
| 02/02/2024 | Buy Now | 40.6% | Needham | Quinn Bolton | $44 → $40 | Maintains | Buy | Get Alert |
| 02/02/2024 | Buy Now | 23.02% | Wolfe Research | Chris Caso | → $35 | Upgrade | Peer Perform → Outperform | Get Alert |
| 11/03/2023 | Buy Now | 54.66% | Needham | Quinn Bolton | $50 → $44 | Maintains | Buy | Get Alert |
| 09/29/2023 | Buy Now | 26.54% | B of A Securities | Blake Friedman | → $36 | Initiates | → Neutral | Get Alert |
| 08/09/2023 | Buy Now | 75.75% | Needham | Quinn Bolton | → $50 | Reiterates | Buy → Buy | Get Alert |
| 08/02/2023 | Buy Now | 75.75% | Needham | Quinn Bolton | → $50 | Reiterates | Buy → Buy | Get Alert |
| 07/26/2023 | Buy Now | 110.9% | Wells Fargo | Gary Mobley | $52 → $60 | Maintains | Overweight | Get Alert |
| 07/20/2023 | Buy Now | 96.84% | Mizuho | Vijay Rakesh | $50 → $56 | Maintains | Buy | Get Alert |
| 07/20/2023 | Buy Now | 110.9% | Barclays | Blayne Curtis | $50 → $60 | Maintains | Overweight | Get Alert |
| 07/20/2023 | Buy Now | — | Wolfe Research | Chris Caso | — | Initiates | → Peer Perform | Get Alert |
| 05/12/2023 | Buy Now | 75.75% | Mizuho | Vijay Rakesh | $48 → $50 | Maintains | Buy | Get Alert |
| 05/12/2023 | Buy Now | 75.75% | Needham | Quinn Bolton | → $50 | Reiterates | Buy → Buy | Get Alert |
| 03/15/2023 | Buy Now | 75.75% | Needham | Quinn Bolton | $42 → $50 | Maintains | Buy | Get Alert |
| 03/15/2023 | Buy Now | 75.75% | Barclays | Blayne Curtis | $44 → $50 | Maintains | Overweight | Get Alert |
| 02/01/2023 | Buy Now | 54.66% | Cowen & Co. | Joshua Buchalter | $38 → $44 | Maintains | Outperform | Get Alert |
| 02/01/2023 | Buy Now | 54.66% | Barclays | Blayne Curtis | $32 → $44 | Maintains | Overweight | Get Alert |
| 02/01/2023 | Buy Now | 47.63% | Mizuho | Vijay Rakesh | $38 → $42 | Maintains | Buy | Get Alert |
| 02/01/2023 | Buy Now | 47.63% | Needham | Quinn Bolton | $30 → $42 | Maintains | Buy | Get Alert |
| 01/23/2023 | Buy Now | 12.48% | Barclays | Blayne Curtis | $26 → $32 | Maintains | Overweight | Get Alert |
| 01/20/2023 | Buy Now | 33.57% | Cowen & Co. | Joshua Buchalter | $30 → $38 | Maintains | Outperform | Get Alert |
| 01/09/2023 | Buy Now | 23.02% | Wells Fargo | Gary Mobley | $30 → $35 | Maintains | Overweight | Get Alert |
| 10/28/2022 | Buy Now | 33.57% | Mizuho | Vijay Rakesh | $42 → $38 | Maintains | Buy | Get Alert |
| 10/27/2022 | Buy Now | 5.45% | Needham | Quinn Bolton | $27 → $30 | Maintains | Buy | Get Alert |
| 07/29/2022 | Buy Now | -5.1% | Needham | Quinn Bolton | $25 → $27 | Maintains | Buy | Get Alert |
| 07/25/2022 | Buy Now | -8.61% | Barclays | Blayne Curtis | $31 → $26 | Maintains | Overweight | Get Alert |
| 07/11/2022 | Buy Now | 5.45% | Wells Fargo | Gary Mobley | $35 → $30 | Maintains | Overweight | Get Alert |
| 05/25/2022 | Buy Now | 5.45% | Cowen & Co. | Joshua Buchalter | → $30 | Initiates | → Outperform | Get Alert |
| 05/11/2022 | Buy Now | 47.63% | Mizuho | Vijay Rakesh | $44 → $42 | Maintains | Buy | Get Alert |
| 05/11/2022 | Buy Now | 8.96% | Needham | Quinn Bolton | $40 → $31 | Maintains | Buy | Get Alert |
| 04/25/2022 | Buy Now | 8.96% | Barclays | Blayne Curtis | $35 → $31 | Maintains | Overweight | Get Alert |
| 04/20/2022 | Buy Now | 54.66% | Mizuho | Vijay Rakesh | $45 → $44 | Maintains | Buy | Get Alert |
| 10/29/2021 | Buy Now | 40.6% | Credit Suisse | John Pitzer | — | Maintains | Outperform | Get Alert |
| 10/29/2021 | Buy Now | 33.57% | Barclays | Blayne Curtis | — | Maintains | Overweight | Get Alert |
| 10/29/2021 | Buy Now | 40.6% | Needham | Quinn Bolton | — | Maintains | Buy | Get Alert |
| 09/21/2021 | Buy Now | 33.57% | Wells Fargo | Gary Mobley | — | Maintains | Overweight | Get Alert |
| 07/30/2021 | Buy Now | 40.6% | Mizuho | Vijay Rakesh | — | 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 TD Cowen on June 13, 2024. The analyst firm set a price target for $35.00 expecting ALGM to rise to within 12 months (a possible 23.02% upside). 14 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 TD Cowen, and Allegro Microsystems maintained their buy 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 June 13, 2024 so you should expect the next rating to be made available sometime around June 13, 2025.
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 $32.00 to $35.00. The current price Allegro Microsystems (ALGM) is trading at is $28.45, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.