▲ +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.
The current consensus among 8 contributing investment analysts is to buy stock in Allegro MicroSystems.
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.