Allegro MicroSystems (ALGM) Stock Forecast & Price Target

$48.95 +1.02 (+2.13%)

Closing price 05/8/2026 04:00 PM Eastern

Extended Trading

$48.67 -0.28 (-0.56%)

As of 05/8/2026 07:46 PM Eastern

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Allegro MicroSystems - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 12 Analyst Ratings

Sell
1

Hold
1

Buy
10

Based on 12 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 12 analysts, 1 has given a sell rating, 1 has given a hold rating, and 10 have given a buy rating for ALGM.

Consensus Price Target

$51.80
5.82% Upside

According to the 12 analysts' twelve-month price targets for Allegro MicroSystems, the average price target is $51.80. The highest price target for ALGM is $62.00, while the lowest price target for ALGM is $39.00. The average price target represents a forecasted upside of 5.82% from the current price of $48.95.

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.

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ALGM Analyst Ratings Over Time

Type	Current Forecast 5/9/25 to 5/9/26	1 Month Ago 4/9/25 to 4/9/26	3 Months Ago 2/8/25 to 2/8/26	1 Year Ago 5/9/24 to 5/9/25
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)	9 Buy rating(s)	8 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$51.80	$45.00	$43.50	$28.44
Forecasted Upside	5.82% Upside	21.56% Upside	4.64% Upside	27.38% 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.

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.

Allegro MicroSystems Stock vs. The Competition

Type	Allegro MicroSystems	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.75	2.30	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	5.82% Upside	175.85% Upside	15.51% Upside
News Sentiment Rating	Positive News See Recent ALGM News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
5/8/2026	UBS Group 4 of 5 stars	Timothy Arcuri 5 of 5 stars	Boost Target	Buy	$52.00 ➝ $55.00	+13.69%
5/8/2026	Evercore 3 of 5 stars		Reiterated Rating	Outperform	$53.00	+10.66%
5/8/2026	Barclays 3 of 5 stars	Tom O'Malley 5 of 5 stars	Boost Target	Overweight	$46.00 ➝ $48.00	+0.15%
5/8/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Joseph Quatrochi Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$48.00 ➝ $56.00	+17.40%
5/8/2026	Mizuho Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Vijay Rakesh Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$44.00 ➝ $54.00	+12.66%
5/7/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy	$62.00	+29.36%
5/7/2026	Needham & Company LLC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	N. Quinn Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$45.00 ➝ $55.00	+14.90%
5/6/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Sell (D-)
2/13/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Joseph Moore Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight	$51.00	+21.92%
1/30/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Joshua Buchalter Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$38.00 ➝ $45.00	+18.48%
Get the Latest News and Ratings for ALGM and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Allegro MicroSystems and its competitors with MarketBeat's FREE daily newsletter.
1/21/2026	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Vivek Arya Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$36.00 ➝ $39.00	+17.12%
8/11/2025	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold
11/12/2024	Loop Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Gary Mobley Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Buy	$30.00	+43.82%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 10:17 AM ET.

ALGM Forecast - Frequently Asked Questions

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Allegro MicroSystems is $51.80, with a high forecast of $62.00 and a low forecast of $39.00.

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

According to analysts, Allegro MicroSystems's stock has a predicted upside of 5.82% based on their 12-month stock forecasts.

Over the previous 90 days, Allegro MicroSystems's stock had 1 upgrade by analysts.

Allegro MicroSystems has been rated by research analysts at Barclays, Evercore, Jefferies Financial Group, Mizuho, Morgan Stanley, Needham & Company LLC, UBS Group, Weiss Ratings, and Wells Fargo & Company in the past 90 days.

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

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This page (NASDAQ:ALGM) was last updated on 5/9/2026 by MarketBeat.com Staff.

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Allegro MicroSystems (ALGM) Stock Forecast & Price Target

Allegro MicroSystems - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

ALGM Analyst Ratings Over Time

ALGM Analyst Recommendations By Month

ALGM Price Targets by Month

Allegro MicroSystems Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

ALGM Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Allegro MicroSystems Recommendations

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Allegro MicroSystems (ALGM) Stock Forecast & Price Target

Allegro MicroSystems - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

ALGM Analyst Ratings Over Time

ALGM Analyst Recommendations By Month

ALGM Price Targets by Month

Allegro MicroSystems Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

ALGM Forecast - Frequently Asked Questions

What is Allegro MicroSystems' forecast for 2026?

Should I buy or sell Allegro MicroSystems stock right now?

Does Allegro MicroSystems's stock price have much upside?

Has Allegro MicroSystems been upgraded by Wall Street analysts recently?

What analysts cover Allegro MicroSystems?

Do Wall Street analysts like Allegro MicroSystems more than its competitors?

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Allegro MicroSystems Recommendations

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Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools