In recent developments, Allegro Microsystems (ALGM, Financial) has been reinstated with a "Buy" rating by B of A Securities. The announcement was made by analyst Vivek Arya, who has set a price target of $38.00 USD for the stock. This update was released on June 16, 2025.
The reinstatement of the "Buy" rating indicates a positive outlook from the analyst, although no prior rating was noted. This move by B of A Securities reflects confidence in Allegro Microsystems (ALGM, Financial) and its potential market performance. The price target of $38.00 USD is a new target, as there was no prior price target provided.
Investors should note that Allegro Microsystems (ALGM, Financial) trades on the NASDAQ exchange, and this latest rating and price target announcement could have implications for its stock performance in the financial markets.
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 10.63% from the current price of $30.21. 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 $26.65, suggesting a downside of 11.78% from the current price of $30.21. 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.
