On July 16, 2025, Wells Fargo analyst Joseph Quatrochi announced an update regarding Allegro Microsystems (ALGM, Financial), maintaining an "Overweight" rating on the stock. The rating reflects continued confidence in the company's future performance.
In addition to maintaining the rating, Wells Fargo raised the price target for Allegro Microsystems (ALGM, Financial) from the previous $33.00 USD to $42.00 USD. This adjustment represents a significant 27.27% increase in the price target, indicating positive expectations for the company's future growth and market position.
Allegro Microsystems (ALGM, Financial), listed on the NASDAQ exchange, continues to garner attention from investors and analysts alike, with the updated price target suggesting further value opportunities for stakeholders.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for Allegro Microsystems Inc (ALGM, Financial) is $32.98 with a high estimate of $45.00 and a low estimate of $23.00. The average target implies an downside of 6.93% from the current price of $35.44. More detailed estimate data can be found on the Allegro Microsystems Inc (ALGM) Forecast page.
Based on the consensus recommendation from 13 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 $27.21, suggesting a downside of 23.22% from the current price of $35.44. 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.
