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Allegro MicroSystems - ALGM Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $30.09
  • Forecasted Upside: 39.37%
  • Number of Analysts: 11
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 10 Buy Ratings
  • 0 Strong Buy Ratings
$21.59 As of 12/20/2024 06:31 PM ET
▲ +0.52 (2.47%)

This chart shows the closing price for ALGM by one month, three months, or twelve months.

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Analyst Price Target for ALGM

Analyst Price Target is $30.09
▲ +39.37% Upside Potential
This price target is based on 11 analysts offering 12 month price targets for Allegro MicroSystems in the last 3 months. The average price target is $30.09, with a high forecast of $37.00 and a low forecast of $21.00. The average price target represents a 39.37% upside from the last price of $21.59.

This chart shows the closing price for ALGM for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Moderate Buy

The current consensus among 11 polled investment analysts is to moderate buy stock in Allegro MicroSystems. This rating has held steady since October 2024, when it changed from a Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 5 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
6/30/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
9/28/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
12/27/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
3/26/2024
  • 0 strong buy ratings
  • 7 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
6/24/2024
  • 0 strong buy ratings
  • 8 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
9/22/2024
  • 0 strong buy ratings
  • 9 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
11/21/2024
  • 0 strong buy ratings
  • 10 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
12/21/2024

Latest Recommendations

  • 0 strong buy ratings
  • 10 buy ratings
  • 1 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
11/22/2024Wells Fargo & CompanyInitiated CoverageOverweight$23.00
11/12/2024Loop CapitalInitiated CoverageBuy$30.00
11/7/2024Morgan StanleyInitiated CoverageEqual Weight$21.00
11/1/2024BarclaysLower TargetOverweight ➝ Overweight$32.00 ➝ $25.00
10/31/2024Needham & Company LLCLower TargetBuy ➝ Buy$33.00 ➝ $30.00
10/18/2024MizuhoSet Target$26.00
9/3/2024UBS GroupInitiated CoverageBuy$33.00
8/2/2024Needham & Company LLCReiterated RatingBuy ➝ Buy$33.00 ➝ $33.00
6/13/2024TD CowenBoost TargetBuy ➝ Buy$32.00 ➝ $35.00
5/13/2024Jefferies Financial GroupInitiated CoverageBuy ➝ Buy$37.00
5/10/2024BarclaysLower TargetOverweight ➝ Overweight$35.00 ➝ $32.00
5/10/2024MizuhoLower TargetBuy ➝ Buy$45.00 ➝ $35.00
5/10/2024TD CowenLower TargetBuy ➝ Buy$35.00 ➝ $32.00
5/10/2024Needham & Company LLCLower TargetBuy ➝ Buy$40.00 ➝ $33.00
4/16/2024Evercore ISIInitiated CoverageOutperform$36.00
2/2/2024Needham & Company LLCLower TargetBuy ➝ Buy$44.00 ➝ $40.00
2/2/2024TD CowenBoost TargetOutperform$32.00 ➝ $35.00
2/2/2024Wolfe ResearchUpgradePeer Perform ➝ Outperform$35.00
11/3/2023Needham & Company LLCLower TargetBuy ➝ Buy$50.00 ➝ $44.00
10/10/2023Bank of AmericaLower Target$36.00 ➝ $34.00
9/29/2023Bank of AmericaInitiated CoverageNeutral$36.00
8/9/2023Needham & Company LLCReiterated RatingBuy ➝ Buy$50.00
8/2/2023Needham & Company LLCReiterated RatingBuy ➝ Buy$50.00
7/26/2023Wells Fargo & CompanyBoost Target$52.00 ➝ $60.00
7/20/2023MizuhoBoost Target$50.00 ➝ $56.00
7/20/2023BarclaysBoost Target$50.00 ➝ $60.00
7/19/2023Wolfe ResearchInitiated CoverageMarket Perform
5/12/2023MizuhoBoost Target$48.00 ➝ $50.00
3/15/2023Needham & Company LLCBoost TargetBuy$42.00 ➝ $50.00
3/15/2023MizuhoBoost Target$42.00 ➝ $48.00
3/14/2023BarclaysBoost TargetOverweight$44.00 ➝ $50.00
3/9/2023Wells Fargo & CompanyBoost Target$43.00 ➝ $52.00
2/2/2023CowenBoost Target$44.00
2/1/2023Needham & Company LLCBoost TargetBuy$30.00 ➝ $42.00
2/1/2023BarclaysBoost TargetOverweight$32.00 ➝ $44.00
2/1/2023CowenBoost TargetOutperform$38.00 ➝ $44.00
2/1/2023MizuhoBoost TargetBuy$38.00 ➝ $42.00
1/23/2023BarclaysBoost TargetOverweight$26.00 ➝ $32.00
1/20/2023CowenBoost TargetOutperform$30.00 ➝ $38.00
1/9/2023Wells Fargo & CompanyBoost TargetOverweight$30.00 ➝ $35.00
10/28/2022MizuhoLower TargetBuy$42.00 ➝ $38.00
10/27/2022Needham & Company LLCBoost TargetBuy$27.00 ➝ $30.00
7/29/2022Needham & Company LLCBoost TargetBuy$25.00 ➝ $27.00
7/25/2022BarclaysLower TargetOverweight$31.00 ➝ $26.00
7/11/2022Wells Fargo & CompanyLower TargetOverweight$35.00 ➝ $30.00
5/25/2022CowenInitiated CoverageOutperform$30.00
5/25/2022CowenInitiated CoverageOutperform
5/11/2022MizuhoLower Target$44.00 ➝ $42.00
4/25/2022BarclaysLower TargetOverweight$35.00 ➝ $31.00
4/20/2022MizuhoLower TargetBuy$45.00 ➝ $44.00
10/29/2021Credit Suisse GroupBoost TargetOutperform$36.00 ➝ $40.00
10/29/2021Needham & Company LLCBoost TargetBuy$35.00 ➝ $40.00
10/29/2021MizuhoBoost TargetBuy$40.00 ➝ $43.00
10/29/2021BarclaysBoost TargetOverweight$30.00 ➝ $38.00
9/21/2021Wells Fargo & CompanyBoost TargetOverweight$36.00 ➝ $38.00
7/30/2021MizuhoBoost TargetBuy$38.00 ➝ $40.00
6/30/2021William BlairInitiated CoverageOutperform
5/6/2021MizuhoBoost TargetBuy$35.00 ➝ $38.00
2/9/2021Needham & Company LLCBoost TargetBuy$27.00 ➝ $35.00
2/8/2021Credit Suisse GroupBoost TargetOutperform$27.00 ➝ $36.00
2/5/2021MizuhoReiterated RatingBuy$30.00 ➝ $35.00
2/3/2021Wells Fargo & CompanyBoost TargetOverweight$30.00 ➝ $36.00
1/26/2021BarclaysBoost TargetOverweight$28.00 ➝ $38.00
12/28/2020MizuhoBoost TargetBuy$28.00 ➝ $30.00
11/23/2020Smith Barney CitigroupInitiated CoverageOutperform$30.00
11/23/2020Jefferies Financial GroupInitiated CoverageBuy$28.00
11/23/2020Credit Suisse GroupInitiated CoverageOutperform$27.00
11/23/2020MizuhoInitiated CoverageBuy$28.00
11/23/2020Needham & Company LLCInitiated CoverageBuy$27.00
(Data available from 12/21/2019 forward)

News Sentiment Rating

1.17 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 13 very positive mentions
  • 15 positive mentions
  • 3 negative mentions
  • 3 very negative mentions
Mentions as of
5/25/2024
  • 16 very positive mentions
  • 1 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
6/24/2024
  • 9 very positive mentions
  • 13 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/24/2024
  • 16 very positive mentions
  • 20 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
8/23/2024
  • 6 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/22/2024
  • 12 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
Mentions as of
10/22/2024
  • 14 very positive mentions
  • 29 positive mentions
  • 2 negative mentions
  • 1 very negative mentions
Mentions as of
11/21/2024
  • 24 very positive mentions
  • 8 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
12/21/2024

Current Sentiment

  • 24 very positive mentions
  • 8 positive mentions
  • 2 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

Allegro MicroSystems logo
Allegro MicroSystems, Inc., together with its subsidiaries, designs, develops, manufactures, and markets sensor integrated circuits (ICs) and application-specific analog power ICs for motion control and energy-efficient systems. Its products include magnetic sensor ICs, such as position, speed, and current sensor ICs; and power ICs comprising motor driver ICs, regulator and LED driver ICs, and isolated gate drivers. The company sells its products to original equipment manufacturers and distributors primarily in the automotive and industrial markets through its direct sales force, third party distributors, independent sales representatives, and consignment. It operates in the United States, rest of the Americas, Europe, Japan, Greater China, South Korea, and other Asian markets. The company was founded in 1990 and is headquartered in Manchester, New Hampshire. Allegro MicroSystems, Inc. is a subsidiary of Sanken Electric Co., Ltd.
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Today's Range

Now: $21.59
Low: $20.80
High: $21.83

50 Day Range

MA: $21.23
Low: $19.07
High: $23.82

52 Week Range

Now: $21.59
Low: $18.59
High: $33.26

Volume

8,689,286 shs

Average Volume

1,963,676 shs

Market Capitalization

$3.97 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

1.67

Frequently Asked Questions

What sell-side analysts currently cover shares of Allegro MicroSystems?

The following equities research analysts have issued stock ratings on Allegro MicroSystems in the last year: Barclays PLC, Evercore ISI, Jefferies Financial Group Inc., Loop Capital, Mizuho, Morgan Stanley, Needham & Company LLC, TD Cowen, UBS Group AG, Wells Fargo & Company, and Wolfe Research.
View the latest analyst ratings for ALGM.

What is the current price target for Allegro MicroSystems?

0 Wall Street analysts have set twelve-month price targets for Allegro MicroSystems in the last year. Their average twelve-month price target is $30.09, suggesting a possible upside of 39.4%. Jefferies Financial Group Inc. has the highest price target set, predicting ALGM will reach $37.00 in the next twelve months. Morgan Stanley has the lowest price target set, forecasting a price of $21.00 for Allegro MicroSystems in the next year.
View the latest price targets for ALGM.

What is the current consensus analyst rating for Allegro MicroSystems?

Allegro MicroSystems currently has 1 hold rating and 10 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for ALGM.

What other companies compete with Allegro MicroSystems?

Other companies that are similar to Allegro MicroSystems include United Microelectronics, Flex, Credo Technology Group, Leonardo DRS and Universal Display. Learn More about companies similar to Allegro MicroSystems.

How do I contact Allegro MicroSystems' investor relations team?

The company's listed phone number is 603-626-2300 and its investor relations email address is [email protected]. The official website for Allegro MicroSystems is www.allegromicro.com. Learn More about contacing Allegro MicroSystems investor relations.