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Allegro MicroSystems - ALGM Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $32.50
  • Forecasted Upside: 48.74 %
  • Number of Analysts: 7
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 7 Buy Ratings
  • 0 Strong Buy Ratings
$21.85 As of 09/30/2022 01:00 AM ET
▼ -0.38 (-1.71%)

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 $32.50
▲ +48.74% Upside Potential
This price target is based on 7 analysts offering 12 month price targets for Allegro MicroSystems in the last 3 months. The average price target is $32.50, with a high forecast of $42.00 and a low forecast of $26.00. The average price target represents a 48.74% upside from the last price of $21.85.

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 Buy

The current consensus among 7 investment analysts is to buy stock in Allegro MicroSystems.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 7 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
4/10/2021
  • 0 strong buy ratings
  • 8 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
7/9/2021
  • 0 strong buy ratings
  • 8 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
10/7/2021
  • 0 strong buy ratings
  • 6 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
1/5/2022
  • 0 strong buy ratings
  • 6 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
4/5/2022
  • 0 strong buy ratings
  • 7 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
7/4/2022
  • 0 strong buy ratings
  • 7 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
9/2/2022
  • 0 strong buy ratings
  • 7 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
10/2/2022

Latest Recommendations

  • 0 strong buy ratings
  • 7 buy ratings
  • 0 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
7/29/2022Needham & Company LLCBoost TargetBuy$25.00 ➝ $27.00Low
7/25/2022BarclaysLower TargetOverweight$31.00 ➝ $26.00Low
7/11/2022Wells Fargo & CompanyLower TargetOverweight$35.00 ➝ $30.00N/A
5/25/2022CowenInitiated CoverageOutperform$30.00High
5/25/2022CowenInitiated CoverageOutperformMedium
5/11/2022MizuhoLower Target$44.00 ➝ $42.00High
4/25/2022BarclaysLower TargetOverweight$35.00 ➝ $31.00High
4/20/2022MizuhoLower TargetBuy$45.00 ➝ $44.00Low
10/29/2021Credit Suisse GroupBoost TargetOutperform$36.00 ➝ $40.00Medium
10/29/2021Needham & Company LLCBoost TargetBuy$35.00 ➝ $40.00Medium
10/29/2021MizuhoBoost TargetBuy$40.00 ➝ $43.00Medium
10/29/2021BarclaysBoost TargetOverweight$30.00 ➝ $38.00Medium
9/21/2021Wells Fargo & CompanyBoost TargetOverweight$36.00 ➝ $38.00Low
7/30/2021MizuhoBoost TargetBuy$38.00 ➝ $40.00Medium
6/30/2021William BlairInitiated CoverageOutperformMedium
5/6/2021MizuhoBoost TargetBuy$35.00 ➝ $38.00Medium
2/9/2021Needham & Company LLCBoost TargetBuy$27.00 ➝ $35.00Low
2/8/2021Credit Suisse GroupBoost TargetOutperform$27.00 ➝ $36.00Low
2/5/2021MizuhoReiterated RatingBuy$30.00 ➝ $35.00Low
2/3/2021Wells Fargo & CompanyBoost TargetOverweight$30.00 ➝ $36.00High
1/26/2021BarclaysBoost TargetOverweight$28.00 ➝ $38.00High
12/28/2020MizuhoBoost TargetBuy$28.00 ➝ $30.00N/A
11/23/2020Smith Barney CitigroupInitiated CoverageOutperform$30.00Low
11/23/2020Jefferies Financial GroupInitiated CoverageBuy$28.00High
11/23/2020Credit Suisse GroupInitiated CoverageOutperform$27.00High
11/23/2020MizuhoInitiated CoverageBuy$28.00High
11/23/2020Needham & Company LLCInitiated CoverageBuy$27.00High
(Data available from 10/2/2017 forward)

News Sentiment Rating

0.81 (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
  • 0 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/6/2022
  • 1 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/5/2022
  • 1 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
5/5/2022
  • 8 very positive mentions
  • 13 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
6/4/2022
  • 2 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/4/2022
  • 5 very positive mentions
  • 9 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
8/3/2022
  • 0 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/2/2022
  • 2 very positive mentions
  • 4 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
10/2/2022

Current Sentiment

  • 2 very positive mentions
  • 4 positive mentions
  • 1 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. 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; power ICs comprising motor driver ICs, and regulator and LED driver ICs; and photonic and 3D sensing components, including photodiodes, eye-safe lasers, and readout ICs for LiDAR applications. The company sells its products to original equipment manufacturers and suppliers 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: $21.85
Low: $21.81
High: $22.40

50 Day Range

MA: $23.91
Low: $21.55
High: $26.75

52 Week Range

Now: $21.85
Low: $19.20
High: $38.28

Volume

334,099 shs

Average Volume

589,341 shs

Market Capitalization

$4.18 billion

P/E Ratio

42.02

Dividend Yield

N/A

Beta

1.77

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, Cowen Inc, Cowen Inc., Credit Suisse Group AG, Mizuho, Needham & Company LLC, and Wells Fargo & Company.
View the latest analyst ratings for ALGM.

What is the current price target for Allegro MicroSystems?

6 Wall Street analysts have set twelve-month price targets for Allegro MicroSystems in the last year. Their average twelve-month price target is $32.50, suggesting a possible upside of 48.7%. Mizuho has the highest price target set, predicting ALGM will reach $42.00 in the next twelve months. Barclays PLC has the lowest price target set, forecasting a price of $26.00 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 7 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe ALGM will outperform the market and that investors should add to their positions of Allegro MicroSystems.
View the latest ratings for ALGM.

What other companies compete with Allegro MicroSystems?

Other companies that are similar to Allegro MicroSystems include IPG Photonics, Silicon Laboratories, Synaptics, Amkor Technology and Cirrus Logic. 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.