UBS raised the firm’s price target on Allegro MicroSystems (ALGM) to $25 from $22 and keeps a Buy rating on the shares. Fundamentals are moving int he right direction, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALGM:
- Allegro MicroSystems resumed with an Equal Weight at Morgan Stanley
- Hold Rating for Allegro MicroSystems Amid Declining Automotive Revenue and Competitive Pressures
- Allegro MicroSystems price target raised to $23 from $22 at Barclays
- Allegro MicroSystems Reports Q4 and FY 2025 Results
- Allegro MicroSystems: Buy Rating Affirmed Amidst Technological Innovation and Financial Recovery