Allegro MicroSystems (ALGM) News Today

Allegro MicroSystems, Inc. (NASDAQ:ALGM) shares have been on the move today, buoyed by strong Q1 results and multiple analyst price-target increases, although a few firms trimmed their outlooks. Here’s what investors need to know:

• Positive Sentiment: Needham & Company raised its price target from $25 to $37 with a Buy rating, implying roughly 18.4% upside. Needham Raises PT to $37
• Positive Sentiment: Mizuho lifted its target to $40 and upgraded ALGM to Outperform, signaling a 28% potential upside. Mizuho Boosts PT to $40
• Positive Sentiment: Wells Fargo increased its price target from $33 to $42 and maintained an Overweight rating. Wells Fargo Lifts PT to $42
• Positive Sentiment: Q1 revenue jumped 21.9% year-over-year to $203.4 million and EPS matched estimates at $0.09, topping sales forecasts. Q1 Press Release
• Positive Sentiment: First-quarter revenue rose 22%, underscoring ongoing demand growth. ALGM Q1 Revenue Jumps 22%
• Positive Sentiment: Q2 sales beat estimates and the company reiterated revenue guidance slightly above consensus. Q2 Sales Beat Estimates
• Neutral Sentiment: Updated Q2 2026 guidance calls for EPS of $0.10–$0.14 (consensus $0.118) and revenue of $205 million–$215 million (consensus $207.7 million). Q2 2026 Earnings Guidance
• Neutral Sentiment: Zacks notes Q1 EPS of $0.09 met estimates, with revenue in line. Zacks Q1 Earnings Meet Estimates
• Neutral Sentiment: Company filed its Q1 earnings call transcript and slide deck for investor review. Earnings Call Transcript
• Neutral Sentiment: Preview article highlights key metrics to watch in the upcoming Q1 report. Q1 Earnings Preview
• Negative Sentiment: Morgan Stanley cut its target from $38 to $35 and holds an Equal Weight rating, though still seeing ~12% upside. Morgan Stanley Lowers PT to $35
• Negative Sentiment: TD Cowen trimmed its price target to $37 from $42, maintaining a Buy rating. TD Cowen Lowers PT to $37
• Negative Sentiment: Barclays raised its target to $30 but still projects a 4% downside from current levels. Barclays Raises PT to $30
• Negative Sentiment: Analysts pointed to factors driving today’s share decline. Why Shares Are Falling