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.
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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
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