On May 9, 2025, analyst Quinn Bolton from Needham maintained a "Buy" rating for Allegro Microsystems (ALGM, Financial) while adjusting the price target downwards. This decision reflects changes in market conditions and company performance assessments.
The new price target for ALGM is set at $25.00 USD, down from the previous target of $30.00 USD. This represents a 16.67% decrease in the price target.
Despite the lowered target, the "Buy" rating indicates continued confidence in Allegro Microsystems' prospects by the analyst, suggesting potential investment opportunities for investors.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for Allegro Microsystems Inc (ALGM, Financial) is $26.32 with a high estimate of $31.00 and a low estimate of $22.00. The average target implies an upside of 24.90% from the current price of $21.07. More detailed estimate data can be found on the Allegro Microsystems Inc (ALGM) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, Allegro Microsystems Inc's (ALGM, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Allegro Microsystems Inc (ALGM, Financial) in one year is $26.56, suggesting a upside of 26.06% from the current price of $21.07. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Allegro Microsystems Inc (ALGM) Summary page.
