Allegro MicroSystems (ALGM) Stock Forecast & Price Target

→ Nvidia Has a BIG Problem — Here’s Who Benefits MOST (From Weiss Ratings) (Ad)

$26.51

-0.67 (-2.47%)

(As of 03:40 PM ET)

Allegro MicroSystems Consensus Analyst Rating and Stock Price Forecast (2024)

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.

Analysts' Consensus Rating

Moderate Buy
Based on 5 Analyst Ratings

Analysts' Consensus Price Target

$44.50
67.86% Upside

High Forecast	$60.00
Average Forecast	$44.50
Low Forecast	$34.00

Type	Current Forecast 4/19/23 to 4/18/24	1 Month Ago 3/20/23 to 3/19/24	3 Months Ago 1/19/23 to 1/19/24	1 Year Ago 4/19/22 to 4/19/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	3 Buy rating(s)	4 Buy rating(s)	6 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	2 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$44.50	$45.71	$48.86	$48.00
Predicted Upside	67.86% Upside	28.87% Upside	25.72% Upside	19.63% Upside

Get Allegro MicroSystems Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for ALGM and its competitors with MarketBeat's FREE daily newsletter.

Ad Weiss Ratings

Nvidia Has a BIG Problem — Here’s Who Benefits MOST

#1 AI Stock for 2024 Revealed In "AI Town Hall" This AI company just signed a deal with NVIDIA that went unreported by the media. Find out how you can get in on what is being dubbed 'the #1 AI stock for 2024 to buy now'

If You Missed Out On The AI Boom, Take These 3 Steps

ALGM Analyst Ratings 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	2.80	2.58	2.49
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	63.72% Upside	114.94% Upside	12.27% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
4/16/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$36.00	+37.09%
2/2/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$44.00 ➝ $40.00	+37.27%
2/2/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	$32.00 ➝ $35.00	+20.11%
2/2/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Peer Perform ➝ Outperform	$35.00	+20.11%
10/10/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$36.00 ➝ $34.00	+12.29%
7/26/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$52.00 ➝ $60.00	+24.20%
7/20/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$50.00 ➝ $56.00	+7.34%
7/20/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$50.00 ➝ $60.00	+15.01%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 03:55 PM ET.

ALGM Price Target - Frequently Asked Questions

What is Allegro MicroSystems's consensus rating and price target?: According to the issued ratings of 5 analysts in the last year, the consensus rating for Allegro MicroSystems stock is Moderate Buy based on the current 1 hold rating and 4 buy ratings for ALGM. The average twelve-month price prediction for Allegro MicroSystems is $44.50 with a high price target of $60.00 and a low price target of $34.00. Learn more on ALGM's analyst rating history.
Do Wall Street analysts like Allegro MicroSystems more than its competitors?: Analysts like Allegro MicroSystems more than other Computer and Technology companies. The consensus rating score for Allegro MicroSystems is 2.80 while the average consensus rating score for computer and technology companies is 2.58. Learn more on how ALGM compares to other companies.
Is Allegro MicroSystems being upgraded by Wall Street analysts?: Over the previous 90 days, Allegro MicroSystems's stock had 1 upgrade by analysts.

Does Allegro MicroSystems's stock price have much upside?: According to analysts, Allegro MicroSystems's stock has a predicted upside of 30.67% based on their 12-month stock forecasts.
What analysts cover Allegro MicroSystems?: Allegro MicroSystems has been rated by Evercore ISI, Needham & Company LLC, TD Cowen, and Wolfe Research in the past 90 days.

Stock Ratings Reports and Tools

Related Companies:

Today's Ratings:

Top Rated Stocks:

More Ratings Tools:

This page (NASDAQ:ALGM) was last updated on 4/18/2024 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

Allegro MicroSystems (ALGM) Stock Forecast & Price Target

Allegro MicroSystems Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

ALGM Analyst Ratings By Month

ALGM Price Targets by Month

Allegro MicroSystems Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

ALGM Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info