Mizuho raised the firm’s price target on Allegro MicroSystems (ALGM) to $44 from $38 and keeps an Outperform rating on the shares. The company reported good December quarter results, the analyst tells investors in a research note.
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Read More on ALGM:
- Allegro MicroSystems price target raised to $46 from $35 at Barclays
- Allegro MicroSystems: Strong Near-Term Execution and Margin Expansion Support Buy Rating
- Allegro MicroSystems: Strengthening Fundamentals, E‑Mobility and Data Center Tailwinds Drive Raised $41 Target and Buy Rating
- Allegro MicroSystems sees Q4 revenue $230M-$240M, consensus $227.04M
- Allegro MicroSystems reports Q3 EPS 15c, consensus 14c