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NASDAQ:ALGM - Allegro MicroSystems Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $33.50
  • Forecasted Upside: 34.00 %
  • Number of Analysts: 8
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 8 Buy Ratings
  • 0 Strong Buy Ratings
$25.00 As of 04/20/2021 01:00 AM ET
▼ -0.65 (-2.53%)
1 month | 3 months | 12 months
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Analyst Price Target for ALGM

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
$33.50
▲ +34.00% Upside Potential
This price target is based on 8 analysts offering 12 month price targets for Allegro MicroSystems in the last 3 months. The average price target is $33.50, with a high forecast of $38.00 and a low forecast of $28.00. The average price target represents a 34.00% upside from the last price of $25.00.
Buy
The current consensus among 8 contributing investment analysts is to buy stock in Allegro MicroSystems.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
10/29/2019
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
1/27/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
4/26/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
7/25/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
10/23/2020
  • 0 strong buy ratings
  • 6 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
1/21/2021
  • 0 strong buy ratings
  • 8 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
3/22/2021
  • 0 strong buy ratings
  • 8 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
4/21/2021

Latest Recommendations

  • 0 strong buy ratings
  • 8 buy ratings
  • 0 hold ratings
  • 0 sell ratings

DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
2/9/2021Needham & Company LLCBoost Price TargetBuy$27.00 ➝ $35.00Low
i
2/8/2021Credit Suisse GroupBoost Price TargetOutperform$27.00 ➝ $36.00Low
i
2/5/2021MizuhoReiterated RatingBuy$30.00 ➝ $35.00Low
i
Rating by Vijay Rakesh at Mizuho
2/3/2021Wells Fargo & CompanyBoost Price TargetOverweight$30.00 ➝ $36.00High
i
1/26/2021BarclaysBoost Price TargetOverweight$28.00 ➝ $38.00High
i
12/28/2020MizuhoBoost Price TargetBuy$28.00 ➝ $30.00N/A
i
11/23/2020Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon RussellInitiated CoverageOutperform$30.00Low
i
11/23/2020Smith Barney CitigroupInitiated CoverageOutperform$30.00Low
i
11/23/2020Jefferies Financial GroupInitiated CoverageBuy$28.00High
i
11/23/2020Credit Suisse GroupInitiated CoverageOutperform$27.00High
i
11/23/2020MizuhoInitiated CoverageBuy$28.00High
i
11/23/2020Needham & Company LLCInitiated CoverageBuy$27.00High
i
(Data available from 4/21/2016 forward)
Allegro MicroSystems logo
Allegro MicroSystems, Inc. designs, develops, manufactures, and markets sensor ICs and application-specific analog power ICs for motion control and energy-efficient systems in automotive and industrial markets. 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, as well as photonic and 3D sensing components for LiDAR applications. The company sells its products to OEMs and suppliers primarily in the automotive and industrial markets through its direct sales force, distributors, and independent sales representatives. It operates in 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.
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Today's Range

Now: $25.00
$24.69
$25.68

50 Day Range

MA: $26.34
$23.91
$28.00

52 Week Range

Now: $25.00
$16.78
$34.66

Volume

1,002,143 shs

Average Volume

951,194 shs

Market Capitalization

$4.74 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

N/A

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, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell, Credit Suisse Group AG, Jefferies Financial Group Inc., Mizuho, Needham & Company LLC, Smith Barney Citigroup, and Wells Fargo & Company.
View the latest analyst ratings for ALGM.

What is the current price target for Allegro MicroSystems?

8 Wall Street analysts have set twelve-month price targets for Allegro MicroSystems in the last year. Their average twelve-month price target is $33.50, suggesting a possible upside of 34.0%. Barclays PLC has the highest price target set, predicting ALGM will reach $38.00 in the next twelve months. Jefferies Financial Group Inc. has the lowest price target set, forecasting a price of $28.00 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 8 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 Advantest, ASE Technology, Monolithic Power Systems, ON Semiconductor, Semiconductor Manufacturing International, SolarEdge Technologies, IPG Photonics, Cree, Inphi, AU Optronics, First Solar, BE Semiconductor Industries, Sumco, Lattice Semiconductor and Silicon Laboratories.

How do I contact Allegro MicroSystems' investor relations team?

The company's listed phone number is 603 626 2300. The official website for Allegro MicroSystems is www.allegromicro.com.