On May 9, 2025, analyst Blayne Curtis from Barclays announced an updated outlook on Allegro Microsystems (ALGM, Financial). Barclays maintains an "Overweight" rating on the stock, reiterating their confidence in its performance potential in the market.
In the latest update, Barclays has raised Allegro Microsystems' (ALGM, Financial) price target from USD 22.00 to USD 23.00. This adjustment marks a 4.55% increase over the previous price target. The decision indicates Barclays' optimistic outlook on the company's future performance and potential for growth.
Investors in Allegro Microsystems (ALGM, Financial) may find this increase in the price target noteworthy as it suggests sustained confidence from Barclays in the company's ability to deliver on expectations. Allegro Microsystems continues to be in the spotlight for market participants following these updates.
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.
