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PYPL   81.83 (+1.26%)
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QQQ   296.26 (+1.00%)
AAPL   145.93 (+1.37%)
MSFT   248.16 (+0.06%)
META   151.74 (+3.01%)
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NVDA   203.65 (+2.84%)
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AMD   75.40 (+0.32%)
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GE   83.23 (+2.58%)
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AMC   5.51 (+4.36%)
PFE   43.79 (-1.04%)
PYPL   81.83 (+1.26%)
NFLX   360.77 (-1.12%)
QQQ   296.26 (+1.00%)
AAPL   145.93 (+1.37%)
MSFT   248.16 (+0.06%)
META   151.74 (+3.01%)
GOOGL   99.37 (+1.90%)
AMZN   102.24 (+3.04%)
TSLA   177.90 (+11.00%)
NVDA   203.65 (+2.84%)
NIO   12.71 (+4.44%)
BABA   118.38 (-1.82%)
AMD   75.40 (+0.32%)
T   19.95 (-0.25%)
MU   63.87 (+1.70%)
F   13.27 (+2.71%)
CGC   2.93 (+6.16%)
GE   83.23 (+2.58%)
DIS   109.54 (-0.15%)
AMC   5.51 (+4.36%)
PFE   43.79 (-1.04%)
PYPL   81.83 (+1.26%)
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NASDAQ:ALGM

Allegro MicroSystems - ALGM Price Target & Analyst Ratings

$35.39
-0.04 (-0.11%)
(As of 01/27/2023 05:45 PM ET)
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Compare
Today's Range
$34.78
$35.85
50-Day Range
$28.86
$35.43
52-Week Range
$19.20
$35.85
Volume
1.80 million shs
Average Volume
1.11 million shs
Market Capitalization
$6.77 billion
P/E Ratio
58.02
Dividend Yield
N/A
Price Target
$33.83

Allegro MicroSystems Consensus Rating and Price Target (2023)

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 Analyst Rating

Buy
Based on 6 Analyst Ratings

Consensus Analyst Price Target

$33.83
-4.40% Downside
High Prediction$38.00
Average Prediction$33.83
Low Prediction$30.00
TypeCurrent
1/27/22 to 1/27/23
1 Month Ago
12/28/21 to 12/28/22
3 Months Ago
10/29/21 to 10/29/22
1 Year Ago
1/27/21 to 1/27/22
Consensus Rating
Buy
Buy
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
6 Buy rating(s)
6 Buy rating(s)
7 Buy rating(s)
6 Buy rating(s)
Hold
0 Hold rating(s)
0 Hold rating(s)
0 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$33.83$30.80$32.33$39.80
Predicted Upside-4.40% Downside34.66% Upside30.91% Upside17.97% Upside
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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.
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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
3.00
2.55
2.46
Consensus RatingBuyBuyHold
Predicted Upside-3.96% Downside132.02% Upside9.99% Upside
News Sentiment RatingPositive News
Positive News
Neutral News

Historical Target Prices and Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
1/23/2023Barclays
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 Boost TargetOverweight$26.00 ➝ $32.00-1.39%
1/20/2023Cowen
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 Boost TargetOutperform$30.00 ➝ $38.00+20.90%
1/9/2023Wells Fargo & Company
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 Boost TargetOverweight$30.00 ➝ $35.00+10.24%
10/28/2022Mizuho
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 Lower TargetBuy$42.00 ➝ $38.00+59.46%
10/27/2022Needham & Company LLC
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 Boost TargetBuy$27.00 ➝ $30.00+25.31%
5/25/2022Cowen
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 Initiated CoverageOutperform$30.00+26.42%
10/29/2021Credit Suisse Group
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 Boost TargetOutperform$36.00 ➝ $40.00+18.24%
6/30/2021William Blair
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A. Vecchi
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Initiated CoverageOutperform
11/23/2020Smith Barney Citigroup
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 Initiated CoverageOutperform$30.00+36.61%
11/23/2020Jefferies Financial Group
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 Initiated CoverageBuy$28.00+22.86%
(Data available from 1/27/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)












ALGM Price Target - Frequently Asked Questions

What is Allegro MicroSystems's consensus rating and price target?

According to the issued ratings of 6 analysts in the last year, the consensus rating for Allegro MicroSystems stock is Buy based on the current 6 buy ratings for ALGM. The average twelve-month price prediction for Allegro MicroSystems is $33.83 with a high price target of $38.00 and a low price target of $30.00. 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 3.00 while the average consensus rating score for computer and technology companies is 2.55. Learn more on how ALGM compares to other companies.

Does Allegro MicroSystems's stock price have much upside?

According to analysts, Allegro MicroSystems's stock has a predicted upside of 21.46% based on their 12-month price targets.

What analysts cover Allegro MicroSystems?

Allegro MicroSystems has been rated by Barclays, Cowen, and Wells Fargo & Company in the past 90 days.


Stock Ratings Reports and Tools

This page (NASDAQ:ALGM) was last updated on 1/27/2023 by MarketBeat.com Staff