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Allegro MicroSystems (ALGM)
NASDAQ:ALGM
RESEARCH TOOLSreports
Holding ALGM?
Track your performance easily
See the Price Targets and Ratings of:
ALGM Analyst Ratings
Strong Buy
9 Buy
1 Hold
0 Sell
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers in the past 3 months
ALGM Stock 12 Month Forecast
Average Price Target
$27.10
▲(22.29% Upside)
| Highest Price Target$30.00 | Average Price Target$27.10 | Lowest Price Target$21.00 |
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.
Detailed List of Analyst Forecasts
Ranks
Any
Analyst Rating
Any
Upside/ Downside
Any
Action
Any
Mizuho Securities
Reiterated
12/12/24
Wells Fargo
Reiterated
12/06/24
Evercore ISI
Assigned
11/21/24
Loop Capital Markets
Initiated
11/11/24
Morgan Stanley
Initiated
11/07/24
Barclays
Reiterated
11/01/24
TD Cowen
Assigned
11/01/24
Jefferies
Reiterated
10/31/24
Needham
Reiterated
10/31/24
Wolfe Research
$35
Buy
57.94%
Upside
Upgraded
02/02/24
Allegro MicroSystems upgraded to Outperform from Peer Perform at Wolfe ResearchAllegro MicroSystems upgraded to Outperform from Peer Perform at Wolfe Research
Blake Friedman
Not Ranked
Bank of America Securities
$33
Hold
48.92%
Upside
Reiterated
02/01/24
Analysts Offer Insights on Technology Companies: Allegro MicroSystems (NASDAQ: ALGM), Okta (NASDAQ: OKTA) and Texas Instruments (NASDAQ: TXN)
Best Analysts Covering Allegro MicroSystems
Which Analyst Should I Follow If I Want to Buy ALGM and Sell After:
1 Month
xxx
Success Rate
11/13 ratings generated profit
Average Return
+5.88%
assigned a xxx
rating 2 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 84.62% of your transactions generating a profit, with an average return of +5.88% per trade.
3 Months
xxx
Success Rate
11/18 ratings generated profit
Average Return
+4.20%
reiterated a xxx
rating 2 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 61.11% of your transactions generating a profit, with an average return of +4.20% per trade.
1 Year
Success Rate
7/18 ratings generated profit
Average Return
+4.26%
reiterated a buy rating 2 months ago
Copying Quinn Bolton's trades and holding each position for 1 Year would result in 38.89% of your transactions generating a profit, with an average return of +4.26% per trade.
2 Years
xxx
Success Rate
9/18 ratings generated profit
Average Return
+5.89%
reiterated a xxx
rating 2 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 50.00% of your transactions generating a profit, with an average return of +5.89% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.
ALGM Analyst Recommendation Trends
Rating
Aug 24
Sep 24
Oct 24
Nov 24
Dec 24
Strong Buy
1
1
1
0
0
Buy
8
7
10
13
14
Hold
1
1
0
1
1
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
10
9
11
14
15
Each month's total comprises the sum of three months' worth of ratings.
ALGM Financial Forecast
ALGM Stock Forecast FAQ
What is ALGM’s average 12-month price target, according to analysts?
Based on analyst ratings, Allegro MicroSystems’s 12-month average price target is $27.10.
What is ALGM’s upside potential, based on the analysts’ average price target?
Allegro MicroSystems has 22.29% upside potential, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
How can I follow the stock ratings of top Wall Street analysts?
Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
Is ALGM a Buy, Sell or Hold?
Allegro MicroSystems has a consensus rating of Strong Buy which is based on 9 buy ratings, 1 hold ratings and 0 sell ratings.
What is Allegro MicroSystems’s price target?
The average price target for Allegro MicroSystems is $27.10. This is based on 10 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $30.00 ,the lowest forecast is $21.00. The average price target represents 22.29% Increase from the current price of $22.16.
The highest analyst price target is $30.00 ,the lowest forecast is $21.00. The average price target represents 22.29% Increase from the current price of $22.16.
What do analysts say about Allegro MicroSystems?
Allegro MicroSystems’s analyst rating consensus is a Strong Buy. This is based on the ratings of 10 Wall Streets Analysts.
How can I buy shares of ALGM?
Open a brokerage account, see exclusive account opening deals on our Best Online Brokers page.