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Allegro Microsystems, Inc. (ALGM)
NASDAQ:ALGM
US Market
ALGM
Allegro MicroSystems
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Allegro MicroSystems (ALGM) Stock Forecast & Price Target

1,618 Followers
See the Price Targets and Ratings of:

ALGM Analyst Ratings

Strong Buy
7Ratings
Strong Buy
6 Buy
1 Hold
0 Sell
Based on 7 analysts giving stock ratings to
Allegro
MicroSystems
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

ALGM Stock 12 Month Forecast

Average Price Target

$53.29
▲(15.76% Upside)
Based on 7 Wall Street analysts offering 12 month price targets for Allegro MicroSystems in the last 3 months. The average price target is $53.29 with a high forecast of $58.00 and a low forecast of $48.00. The average price target represents a 15.76% change from the last price of $46.03.
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Highest Price Target$58.00Average Price Target$53.29Lowest Price Target$48.00
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts​

Detailed List of Analyst Forecasts​
Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
Barclays Analyst forecast on ALGM
Thomas O'Malley
Barclays
Barclays
$48
Hold
4.28%
Upside
Reiterated
07/31/26
Allegro MicroSystems (ALGM) Receives a Rating Update from a Top Analyst
Morgan Stanley Analyst forecast on ALGM
Joseph Moore
Morgan Stanley
Morgan Stanley
$51→$52
Buy
12.97%
Upside
Reiterated
07/31/26
Morgan Stanley Remains a Buy on Allegro MicroSystems (ALGM)
Mizuho Securities Analyst forecast on ALGM
Vijay Rakesh
Mizuho Securities
Mizuho Securities
$67→$58
Buy
26.00%
Upside
Reiterated
07/30/26
Analysts Offer Insights on Technology Companies: Okta (NASDAQ: OKTA), Tyler Technologies (NYSE: TYL) and Allegro MicroSystems (NASDAQ: ALGM)
Needham Analyst forecast on ALGM
Quinn Bolton
Needham
Needham
$55→$57
Buy
23.83%
Upside
Reiterated
07/30/26
Analysts' Top Technology Picks: InterDigital (IDCC), Allegro MicroSystems (ALGM)
TD Cowen Analyst forecast on ALGM
Joshua Buchalter
TD Cowen
TD Cowen
$66→$48
Buy
4.28%
Upside
Reiterated
07/30/26
Analysts Offer Insights on Technology Companies: Rimini Street (NASDAQ: RMNI), Allegro MicroSystems (NASDAQ: ALGM) and Monolithic Power (NASDAQ: MPWR)
Bank of America Securities Analyst forecast on ALGM
Vivek Arya
Bank of America Securities
Bank of America Securities
$54
Buy
17.31%
Upside
Reiterated
07/30/26
Allegro MicroSystems: Improving Mix, Margin Expansion, and Multi-End-Market Demand Support Vivek Arya’s Reiterated Buy and $54 Price Target
Wells Fargo Analyst forecast on ALGM
Joseph Quatrochi
Wells Fargo
Wells Fargo
$60→$56
Buy
21.66%
Upside
Assigned
06/09/26
Wells Fargo Sticks to Their Buy Rating for Allegro MicroSystems (ALGM)
UBS Analyst forecast on ALGM
Timothy Arcuri
UBS
UBS
$52→$55
Buy
19.49%
Upside
Reiterated
05/08/26
Allegro MicroSystems price target raised to $55 from $52 at UBSAllegro MicroSystems price target raised to $55 from $52 at UBS
Evercore ISI Analyst forecast on ALGM
Mark Lipacis
Evercore ISI
Evercore ISI
$49→$53
Buy
15.14%
Upside
Reiterated
05/08/26
Allegro MicroSystems price target raised to $53 from $49 at Evercore ISIAllegro MicroSystems price target raised to $53 from $49 at Evercore ISI
Jefferies Analyst forecast on ALGM
Blayne Curtis
Jefferies
Jefferies
$45→$62
Buy
34.69%
Upside
Reiterated
05/07/26
Analysts Offer Insights on Technology Companies: Epam Systems (NYSE: EPAM), Unity Software (NYSE: U) and Allegro MicroSystems (NASDAQ: ALGM)
Analyst Type
Any
Any
Human Analysts
Ranks
Any
Any
Analyst Rating
Any
Any
Upside/ Downside
Any
Any
Action
Any
Any
Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
Barclays Analyst forecast on ALGM
Thomas O'Malley
Barclays
Barclays
$48
Hold
4.28%
Upside
Reiterated
07/31/26
Allegro MicroSystems (ALGM) Receives a Rating Update from a Top Analyst
Morgan Stanley Analyst forecast on ALGM
Joseph Moore
Morgan Stanley
Morgan Stanley
$51→$52
Buy
12.97%
Upside
Reiterated
07/31/26
Morgan Stanley Remains a Buy on Allegro MicroSystems (ALGM)
Mizuho Securities Analyst forecast on ALGM
Vijay Rakesh
Mizuho Securities
Mizuho Securities
$67→$58
Buy
26.00%
Upside
Reiterated
07/30/26
Analysts Offer Insights on Technology Companies: Okta (NASDAQ: OKTA), Tyler Technologies (NYSE: TYL) and Allegro MicroSystems (NASDAQ: ALGM)
Needham Analyst forecast on ALGM
Quinn Bolton
Needham
Needham
$55→$57
Buy
23.83%
Upside
Reiterated
07/30/26
Analysts' Top Technology Picks: InterDigital (IDCC), Allegro MicroSystems (ALGM)
TD Cowen Analyst forecast on ALGM
Joshua Buchalter
TD Cowen
TD Cowen
$66→$48
Buy
4.28%
Upside
Reiterated
07/30/26
Analysts Offer Insights on Technology Companies: Rimini Street (NASDAQ: RMNI), Allegro MicroSystems (NASDAQ: ALGM) and Monolithic Power (NASDAQ: MPWR)
Bank of America Securities Analyst forecast on ALGM
Vivek Arya
Bank of America Securities
Bank of America Securities
$54
Buy
17.31%
Upside
Reiterated
07/30/26
Allegro MicroSystems: Improving Mix, Margin Expansion, and Multi-End-Market Demand Support Vivek Arya’s Reiterated Buy and $54 Price Target
Wells Fargo Analyst forecast on ALGM
Joseph Quatrochi
Wells Fargo
Wells Fargo
$60→$56
Buy
21.66%
Upside
Assigned
06/09/26
Wells Fargo Sticks to Their Buy Rating for Allegro MicroSystems (ALGM)
UBS Analyst forecast on ALGM
Timothy Arcuri
UBS
UBS
$52→$55
Buy
19.49%
Upside
Reiterated
05/08/26
Allegro MicroSystems price target raised to $55 from $52 at UBSAllegro MicroSystems price target raised to $55 from $52 at UBS
Evercore ISI Analyst forecast on ALGM
Mark Lipacis
Evercore ISI
Evercore ISI
$49→$53
Buy
15.14%
Upside
Reiterated
05/08/26
Allegro MicroSystems price target raised to $53 from $49 at Evercore ISIAllegro MicroSystems price target raised to $53 from $49 at Evercore ISI
Jefferies Analyst forecast on ALGM
Blayne Curtis
Jefferies
Jefferies
$45→$62
Buy
34.69%
Upside
Reiterated
05/07/26
Analysts Offer Insights on Technology Companies: Epam Systems (NYSE: EPAM), Unity Software (NYSE: U) and Allegro MicroSystems (NASDAQ: ALGM)
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Best Analysts Covering Allegro MicroSystems

3 Months
Quinn BoltonNeedham
Success Rate
11/18 ratings generated profit
61%
Average Return
+5.58%
Copying Quinn Bolton's trades and holding each position for 3 Months would result in 61.11% of your transactions generating a profit, with an average return of +5.58% per trade.
1 Year
Vijay RakeshMizuho Securities
Success Rate
15/21 ratings generated profit
71%
Average Return
+21.57%
Copying Vijay Rakesh's trades and holding each position for 1 Year would result in 71.43% of your transactions generating a profit, with an average return of +21.57% per trade.
2 Years
Vijay RakeshMizuho Securities
Success Rate
17/21 ratings generated profit
81%
Average Return
+40.35%
Copying Vijay Rakesh's trades and holding each position for 2 Years would result in 80.95% of your transactions generating a profit, with an average return of +40.35% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.

ALGM Analyst Recommendation Trends

Rating
Apr 26
May 26
Jun 26
Jul 26
Aug 26
Strong Buy
1
1
0
0
0
Buy
8
8
11
17
10
Hold
0
0
0
2
2
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
9
9
11
19
12
In the current month, ALGM has received 10 Buy Ratings, 2 Hold Ratings, and 0 Sell Ratings. ALGM average Analyst price target in the past 3 months is 53.29.
Each month's total comprises the sum of three months' worth of ratings.

ALGM Financial Forecast

ALGM Earnings Forecast

Next quarter’s earnings estimate for ALGM is $0.24 with a range of $0.24 to $0.26. The previous quarter’s EPS was $0.23. ALGM beat its EPS estimate ― of the time in the past 12 months, while its overall industry beat the EPS estimate 49.22% of the time in the same period. In the last calendar year ALGM has Performed in-line its overall industry.
Next quarter’s earnings estimate for ALGM is $0.24 with a range of $0.24 to $0.26. The previous quarter’s EPS was $0.23. ALGM beat its EPS estimate ― of the time in the past 12 months, while its overall industry beat the EPS estimate 49.22% of the time in the same period. In the last calendar year ALGM has Performed in-line its overall industry.

ALGM Sales Forecast

Next quarter’s sales forecast for ALGM is $270.89M with a range of $269.99M to $274.80M. The previous quarter’s sales results were $259.24M. ALGM beat its sales estimates ― of the time in past 12 months, while its overall industry beat sales estimates 53.85% of the time in the same period. In the last calendar year ALGM has Performed in-line its overall industry.
Next quarter’s sales forecast for ALGM is $270.89M with a range of $269.99M to $274.80M. The previous quarter’s sales results were $259.24M. ALGM beat its sales estimates ― of the time in past 12 months, while its overall industry beat sales estimates 53.85% of the time in the same period. In the last calendar year ALGM has Performed in-line its overall industry.

ALGM Stock Forecast FAQ

What is ALGM’s average 12-month price target, according to analysts?
Based on analyst ratings, Allegro Microsystems, Inc.’s 12-month average price target is 53.29.
    What is ALGM’s upside potential, based on the analysts’ average price target?
    Allegro Microsystems, Inc. has 15.76% upside potential, based on the analysts’ average price target.
      Can I see which stocks the top-ranking analysts are rating?
      Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
        How can I follow the stock ratings of top Wall Street analysts?
        Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
          Is ALGM a Buy, Sell or Hold?
          Allegro Microsystems, Inc. has a consensus rating of Strong Buy which is based on 6 buy ratings, 1 hold ratings and 0 sell ratings.
            What is Allegro Microsystems, Inc.’s price target?
            The average price target for Allegro Microsystems, Inc. is 53.29. This is based on 7 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is $58.00 ,the lowest forecast is $48.00. The average price target represents 15.76% Increase from the current price of $46.03.
              What do analysts say about Allegro Microsystems, Inc.?
              Allegro Microsystems, Inc.’s analyst rating consensus is a Strong Buy. This is based on the ratings of 7 Wall Streets Analysts.
                How can I buy shares of ALGM?
                Open a brokerage account, see exclusive account opening deals on our Best Online Brokers page.