Allegro Microsystems (ALGM, Financial) has garnered attention as Morgan Stanley maintains its "Equal-Weight" rating while raising its price target from $23.00 to $25.00 USD. The updated price target represents an 8.70% increase from the previous figure.
The analyst responsible for this update is Joseph Moore from Morgan Stanley. This adjustment, announced on June 9, 2025, reflects a strategic reassessment in Allegro Microsystems' market potential, while maintaining a steady outlook with an "Equal-Weight" rating.
Investors and market watchers are keeping a close eye on Allegro Microsystems (ALGM, Financial) as the new target price aligns with current market trends and economic indicators in the tech sector. This move by Morgan Stanley suggests confidence in ALGM's future performance and its potential to meet the raised price expectation in the coming months.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Allegro Microsystems Inc (ALGM, Financial) is $27.00 with a high estimate of $31.00 and a low estimate of $23.00. The average target implies an downside of 9.46% from the current price of $29.82. More detailed estimate data can be found on the Allegro Microsystems Inc (ALGM) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, Allegro Microsystems Inc's (ALGM, Financial) average brokerage recommendation is currently 1.9, 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 $26.74, suggesting a downside of 10.33% from the current price of $29.82. 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.
