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Allegro MicroSystems (ALGM) Stock Forecast & Price Target

Allegro MicroSystems logo
$21.59 +0.52 (+2.47%)
(As of 12/20/2024 05:31 PM ET)

Allegro MicroSystems - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates 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 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's 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. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
1
Buy
10

Based on 11 Wall Street analysts who have issued ratings for Allegro MicroSystems in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 11 analysts, 1 has given a hold rating, and 10 have given a buy rating for ALGM.

Consensus Price Target

$30.09
39.37% Upside
According to the 11 analysts' twelve-month price targets for Allegro MicroSystems, the average price target is $30.09. The highest price target for ALGM is $37.00, while the lowest price target for ALGM is $21.00. The average price target represents a forecasted upside of 39.37% from the current price of $21.59.
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ALGM Analyst Ratings Over Time

TypeCurrent Forecast
12/23/23 to 12/22/24
1 Month Ago
11/23/23 to 11/22/24
3 Months Ago
9/24/23 to 9/23/24
1 Year Ago
12/23/22 to 12/23/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
10 Buy rating(s)
10 Buy rating(s)
8 Buy rating(s)
5 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$30.09$30.09$34.44$48.86
Forecasted Upside39.37% Upside41.21% Upside56.00% Upside58.11% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

ALGM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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ALGM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Allegro MicroSystems Stock vs. The Competition

TypeAllegro MicroSystemsComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.91
2.69
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside39.37% Upside265.03% Upside14.53% Upside
News Sentiment Rating
Positive News

See Recent ALGM News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/22/2024Wells Fargo & Company
3 of 5 stars
J. Quatrochi
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Initiated CoverageOverweight$23.00+10.18%
11/12/2024Loop Capital
2 of 5 stars
G. Mobley
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Initiated CoverageBuy$30.00+43.82%
11/7/2024Morgan Stanley
3 of 5 stars
 Initiated CoverageEqual Weight$21.00-4.59%
11/1/2024Barclays
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 Lower TargetOverweight ➝ Overweight$32.00 ➝ $25.00+20.08%
10/31/2024Needham & Company LLC
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 Lower TargetBuy ➝ Buy$33.00 ➝ $30.00+43.95%
10/18/2024Mizuho
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Vijay Rakesh
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Set Target$26.00+26.21%
9/3/2024UBS Group
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T. Arcuri
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Initiated CoverageBuy$33.00+34.53%
6/13/2024TD Cowen
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 Boost TargetBuy ➝ Buy$32.00 ➝ $35.00+20.03%
5/13/2024Jefferies Financial Group
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 Initiated CoverageBuy ➝ Buy$37.00+34.55%
4/16/2024Evercore ISI
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 Initiated CoverageOutperform$36.00+37.09%
2/2/2024Wolfe Research
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 UpgradePeer Perform ➝ Outperform$35.00+20.11%
10/10/2023Bank of America
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 Lower Target$36.00 ➝ $34.00+12.29%
2/2/2023Cowen
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 Boost Target$44.00+10.89%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 11:22 AM ET.


ALGM Forecast - Frequently Asked Questions

According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Allegro MicroSystems is $30.09, with a high forecast of $37.00 and a low forecast of $21.00.

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Allegro MicroSystems in the last year. There is currently 1 hold rating and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ALGM shares.

According to analysts, Allegro MicroSystems's stock has a predicted upside of 39.37% based on their 12-month stock forecasts.

Allegro MicroSystems has been rated by research analysts at Barclays, Loop Capital, Mizuho, Morgan Stanley, Needham & Company LLC, and Wells Fargo & Company in the past 90 days.

Analysts like Allegro MicroSystems more than other "computer and technology" companies. The consensus rating score for Allegro MicroSystems is 2.91 while the average consensus rating score for "computer and technology" companies is 2.69. Learn more on how ALGM compares to other companies.


This page (NASDAQ:ALGM) was last updated on 12/22/2024 by MarketBeat.com Staff
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