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Allegro MicroSystems ( (ALGM) ) has shared an update.
On January 15, 2026, Allegro MicroSystems, Inc. completed the allocation of a $285 million U.S. dollar-denominated first lien term facility maturing in October 2030, with an expected interest margin of 1.75% over the secured overnight financing rate or 0.75% over the base rate. The company plans to use the proceeds to fully refinance its existing term loans, in a move that could lower its borrowing costs and extend debt maturities, though the refinancing remains subject to customary closing conditions and may not be completed on the terms described or at all, with final terms to be disclosed once the transaction closes.
The most recent analyst rating on (ALGM) stock is a Buy with a $35.00 price target. To see the full list of analyst forecasts on Allegro MicroSystems stock, see the ALGM Stock Forecast page.
Spark’s Take on ALGM Stock
According to Spark, TipRanks’ AI Analyst, ALGM is a Neutral.
Allegro MicroSystems’ overall stock score reflects a challenging financial environment with profitability issues, despite positive revenue and cash flow trends. The technical analysis indicates bearish momentum, and valuation metrics are weak due to negative earnings. However, strong earnings call results, particularly in automotive and data center segments, provide some optimism for future growth.
To see Spark’s full report on ALGM stock, click here.
More about Allegro MicroSystems
Average Trading Volume: 2,128,927
Technical Sentiment Signal: Strong Buy
Current Market Cap: $5.97B
See more insights into ALGM stock on TipRanks’ Stock Analysis page.