On June 16, 2025, Wells Fargo analyst Joseph Quatrochi announced a revised price target for Allegro Microsystems (ALGM, Financial), raising it from $26.00 to $33.00. The updated price target represents a 26.92% increase, indicating a positive outlook for the company's stock performance.
The rating for Allegro Microsystems (ALGM, Financial) remains at "Overweight," as maintained by Wells Fargo. This suggests that the firm continues to see strong growth potential and recommends that investors consider a higher allocation of ALGM in their portfolios.
Allegro Microsystems (ALGM, Financial) operates within the semiconductor industry, and these recent changes in price target and rating reflect the firm's confidence in the company's future market position and performance.
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 12.56% from the current price of $30.88. 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 13.7% from the current price of $30.88. 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.
