Allegro MicroSystems added to Q1 Tactical Ideas List at Wells Fargo

Wells Fargo analyst Joe Quatrochi added Allegro MicroSystems (ALGM) to the firm’s Q1 2026 Tactical Ideas List. Wells expects positive Q4 2025 EPS to highlight a cont’d improvement in leading indicators as inv / sell-through dynamics normalize. The firm further expects Allegro’s analyst day to be a positive catalyst for shares as it believes it will highlight positive content gain opportunities. Wells has an Overweight rating on the shares with a price target of $40.