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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

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See the Price Targets and Ratings of:

ALGM Analyst Ratings

Strong Buy
9Ratings
Strong Buy
9 Buy
0 Hold
0 Sell
Based on 9 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

$52.78
▲(31.94% Upside)
Based on 9 Wall Street analysts offering 12 month price targets for Allegro MicroSystems in the last 3 months. The average price target is $52.78 with a high forecast of $62.00 and a low forecast of $45.00. The average price target represents a 31.94% change from the last price of $40.00.
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17,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 2, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":28.42,"date":1759276800000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 19,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":29.92,"date":1761955200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 13,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 0, \t&nbsp;</span>\n    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Highest Price Target$62.00Average Price Target$52.78Lowest Price Target$45.00
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
UBS Analyst forecast on ALGM
Timothy Arcuri
UBS
UBS
$52→$55
Buy
37.50%
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
32.50%
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
Barclays Analyst forecast on ALGM
Thomas O'Malley
Barclays
Barclays
$46→$48
Buy
20.00%
Upside
Assigned
05/08/26
Barclays Reaffirms Their Buy Rating on Allegro MicroSystems (ALGM)
Mizuho Securities Analyst forecast on ALGM
Vijay Rakesh
Mizuho Securities
Mizuho Securities
$44→$54
Buy
35.00%
Upside
Reiterated
05/07/26
Analysts Offer Insights on Technology Companies: First Solar (NASDAQ: FSLR) and Allegro MicroSystems (NASDAQ: ALGM)
Needham Analyst forecast on ALGM
Quinn Bolton
Needham
Needham
$45→$55
Buy
37.50%
Upside
Reiterated
05/07/26
Analysts Offer Insights on Technology Companies: Allegro MicroSystems (NASDAQ: ALGM) and Bentley Systems (NASDAQ: BSY)
Jefferies Analyst forecast on ALGM
Blayne Curtis
Jefferies
Jefferies
$45→$62
Buy
55.00%
Upside
Reiterated
05/07/26
Analysts Offer Insights on Technology Companies: Epam Systems (NYSE: EPAM), Unity Software (NYSE: U) and Allegro MicroSystems (NASDAQ: ALGM)
TD Cowen Analyst forecast on ALGM
Joshua Buchalter
TD Cowen
TD Cowen
$45→$55
Buy
37.50%
Upside
Assigned
05/07/26
Analyst Boosts Allegro MicroSystems Price Target to $55, Citing Structural Growth and Margin Upside
Wells Fargo Analyst forecast on ALGM
Joseph Quatrochi
Wells Fargo
Wells Fargo
$48
Buy
20.00%
Upside
Reiterated
03/20/26
Analysts Have Conflicting Sentiments on These Technology Companies: 3D Systems (NYSE: DDD) and Allegro MicroSystems (NASDAQ: ALGM)
Bank of America Securities Analyst forecast on ALGM
Vivek Arya
Bank of America Securities
Bank of America Securities
$42→$45
Buy
12.50%
Upside
Reiterated
02/19/26
Bank of America Securities Remains a Buy on Allegro MicroSystems (ALGM)
Morgan Stanley Analyst forecast on ALGM
Joseph Moore
Morgan Stanley
Morgan Stanley
$45→$51
Buy
27.50%
Upside
Upgraded
02/13/26
Allegro MicroSystems upgraded to Overweight from Equal Weight at Morgan StanleyAllegro MicroSystems upgraded to Overweight from Equal Weight at Morgan Stanley
Loop Capital Markets Analyst forecast on ALGM
Gary Mobley
Loop Capital Markets
Loop Capital Markets
$42
Buy
5.00%
Upside
Reiterated
08/01/25
Loop Capital Markets Sticks to Their Buy Rating for Allegro MicroSystems (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
UBS Analyst forecast on ALGM
Timothy Arcuri
UBS
UBS
$52→$55
Buy
37.50%
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
32.50%
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
Barclays Analyst forecast on ALGM
Thomas O'Malley
Barclays
Barclays
$46→$48
Buy
20.00%
Upside
Assigned
05/08/26
Barclays Reaffirms Their Buy Rating on Allegro MicroSystems (ALGM)
Mizuho Securities Analyst forecast on ALGM
Vijay Rakesh
Mizuho Securities
Mizuho Securities
$44→$54
Buy
35.00%
Upside
Reiterated
05/07/26
Analysts Offer Insights on Technology Companies: First Solar (NASDAQ: FSLR) and Allegro MicroSystems (NASDAQ: ALGM)
Needham Analyst forecast on ALGM
Quinn Bolton
Needham
Needham
$45→$55
Buy
37.50%
Upside
Reiterated
05/07/26
Analysts Offer Insights on Technology Companies: Allegro MicroSystems (NASDAQ: ALGM) and Bentley Systems (NASDAQ: BSY)
Jefferies Analyst forecast on ALGM
Blayne Curtis
Jefferies
Jefferies
$45→$62
Buy
55.00%
Upside
Reiterated
05/07/26
Analysts Offer Insights on Technology Companies: Epam Systems (NYSE: EPAM), Unity Software (NYSE: U) and Allegro MicroSystems (NASDAQ: ALGM)
TD Cowen Analyst forecast on ALGM
Joshua Buchalter
TD Cowen
TD Cowen
$45→$55
Buy
37.50%
Upside
Assigned
05/07/26
Analyst Boosts Allegro MicroSystems Price Target to $55, Citing Structural Growth and Margin Upside
Wells Fargo Analyst forecast on ALGM
Joseph Quatrochi
Wells Fargo
Wells Fargo
$48
Buy
20.00%
Upside
Reiterated
03/20/26
Analysts Have Conflicting Sentiments on These Technology Companies: 3D Systems (NYSE: DDD) and Allegro MicroSystems (NASDAQ: ALGM)
Bank of America Securities Analyst forecast on ALGM
Vivek Arya
Bank of America Securities
Bank of America Securities
$42→$45
Buy
12.50%
Upside
Reiterated
02/19/26
Bank of America Securities Remains a Buy on Allegro MicroSystems (ALGM)
Morgan Stanley Analyst forecast on ALGM
Joseph Moore
Morgan Stanley
Morgan Stanley
$45→$51
Buy
27.50%
Upside
Upgraded
02/13/26
Allegro MicroSystems upgraded to Overweight from Equal Weight at Morgan StanleyAllegro MicroSystems upgraded to Overweight from Equal Weight at Morgan Stanley
Loop Capital Markets Analyst forecast on ALGM
Gary Mobley
Loop Capital Markets
Loop Capital Markets
$42
Buy
5.00%
Upside
Reiterated
08/01/25
Loop Capital Markets Sticks to Their Buy Rating for Allegro MicroSystems (ALGM)
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Best Analysts Covering Allegro MicroSystems

3 Months
Quinn BoltonNeedham
Success Rate
13/19 ratings generated profit
68%
Average Return
+8.54%
Copying Quinn Bolton's trades and holding each position for 3 Months would result in 68.42% of your transactions generating a profit, with an average return of +8.54% per trade.
1 Year
Quinn BoltonNeedham
Success Rate
13/19 ratings generated profit
68%
Average Return
+28.65%
Copying Quinn Bolton's trades and holding each position for 1 Year would result in 68.42% of your transactions generating a profit, with an average return of +28.65% per trade.
2 Years
Joshua BuchalterTD Cowen
Success Rate
20/24 ratings generated profit
83%
Average Return
+46.35%
Copying Joshua Buchalter's trades and holding each position for 2 Years would result in 83.33% of your transactions generating a profit, with an average return of +46.35% 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
Jan 26
Feb 26
Mar 26
Apr 26
May 26
Strong Buy
0
0
1
1
1
Buy
13
20
19
7
7
Hold
1
1
1
0
0
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
14
21
21
8
8
In the current month, ALGM has received 8 Buy Ratings, 0 Hold Ratings, and 0 Sell Ratings. ALGM average Analyst price target in the past 3 months is 52.78.
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 $0.21 with a range of $0.20 to $0.23. The previous quarter’s EPS was $0.17. ALGM beat its EPS estimate ― of the time in the past 12 months, while its overall industry beat the EPS estimate 67.47% 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 $0.21 with a range of $0.20 to $0.23. The previous quarter’s EPS was $0.17. ALGM beat its EPS estimate ― of the time in the past 12 months, while its overall industry beat the EPS estimate 67.47% 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 $250.90M with a range of $249.95M to $255.19M. The previous quarter’s sales results were $243.19M. ALGM beat its sales estimates ― of the time in past 12 months, while its overall industry beat sales estimates 71.75% 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 $250.90M with a range of $249.95M to $255.19M. The previous quarter’s sales results were $243.19M. ALGM beat its sales estimates ― of the time in past 12 months, while its overall industry beat sales estimates 71.75% 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 52.78.
    What is ALGM’s upside potential, based on the analysts’ average price target?
    Allegro Microsystems, Inc. has 31.94% 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 9 buy ratings, 0 hold ratings and 0 sell ratings.
            What is Allegro Microsystems, Inc.’s price target?
            The average price target for Allegro Microsystems, Inc. is 52.78. This is based on 9 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is $62.00 ,the lowest forecast is $45.00. The average price target represents 31.94% Increase from the current price of $40.
              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 9 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.