Barclays analyst Tom O’Malley raised the firm’s price target on Allegro MicroSystems (ALGM) to $23 from $22 and keeps an Overweight rating on the shares. The company’s trends are headed in the right direction after a broad-based beat in March and stronger June quarter, the analyst tells investors in a research note.
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Read More on ALGM:
- Allegro MicroSystems Reports Q4 and FY 2025 Results
- Allegro MicroSystems: Buy Rating Affirmed Amidst Technological Innovation and Financial Recovery
- Allegro Microsystems’ Earnings Call: Mixed Signals and Future Prospects
- Positive Outlook for Allegro MicroSystems Amid Revenue Growth and Strategic Management
- Allegro MicroSystems: Strong Financial Performance and Growth Prospects Drive Buy Rating
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