Allegro MicroSystems price target raised to $42 from $38 at UBS

UBS raised the firm’s price target on Allegro MicroSystems (ALGM) to $42 from $38 and keeps a Buy rating on the shares. Allegro is not overly exposed to any single geography or OEM and was very proactive in bringing down shipments during the downturn, and should be well-positioned into 2026, the analyst tells investors in a research note.