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Allegro MicroSystems (ALGM)
NASDAQ:ALGM
ALGM Analyst Ratings
Strong Buy
9 Buy
1 Hold
0 Sell
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
$29.20
▼(-14.57%Downside)
| Highest Price Target$38.00 | Average Price Target$29.20 | Lowest Price Target$23.00 |
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
TipRanks
$32
Hold
-6.38%
Downside
Reiterated
06/28/25
Allegro MicroSystems' overall stock score reflects a mix of strong technical momentum and promising strategic guidance from the earnings call, offset by financial challenges and valuation concerns. The company's profitability issues and negative P/E ratio contribute significantly to the lower score, while technical indicators and future growth prospects provide some optimism.
Mizuho Securities
$31
Buy
-9.30%
Downside
Reiterated
06/23/25
UBS
$25→$35
Buy
2.40%
Upside
Reiterated
06/16/25
Bank of America Securities
$38
Buy
11.18%
Upside
Initiated
06/16/25
Wells Fargo
$26→$33
Buy
-3.45%
Downside
Reiterated
06/16/25
Morgan Stanley
$23→$25
Hold
-26.86%
Downside
Reiterated
06/09/25
Loop Capital Markets
$30→$28
Buy
-18.08%
Downside
Reiterated
05/09/25
Barclays
$22→$23
Buy
-32.71%
Downside
Reiterated
05/09/25
Evercore ISI
$24→$29
Buy
-15.16%
Downside
Reiterated
05/08/25
Needham
$30→$25
Buy
-26.86%
Downside
Reiterated
05/08/25
TD Cowen
$25
Buy
-26.86%
Downside
Reiterated
05/08/25
Jefferies
$32→$30
Buy
-12.23%
Downside
Reiterated
10/31/24
Ranks
Any
Analyst Rating
Any
Upside/ Downside
Any
Action
Any
TipRanks
$32
Hold
-6.38%
Downside
Reiterated
06/28/25
Allegro MicroSystems' overall stock score reflects a mix of strong technical momentum and promising strategic guidance from the earnings call, offset by financial challenges and valuation concerns. The company's profitability issues and negative P/E ratio contribute significantly to the lower score, while technical indicators and future growth prospects provide some optimism.
Mizuho Securities
$31
Buy
-9.30%
Downside
Reiterated
06/23/25
UBS
$25→$35
Buy
2.40%
Upside
Reiterated
06/16/25
Bank of America Securities
$38
Buy
11.18%
Upside
Initiated
06/16/25
Wells Fargo
$26→$33
Buy
-3.45%
Downside
Reiterated
06/16/25
Morgan Stanley
$23→$25
Hold
-26.86%
Downside
Reiterated
06/09/25
Loop Capital Markets
$30→$28
Buy
-18.08%
Downside
Reiterated
05/09/25
Barclays
$22→$23
Buy
-32.71%
Downside
Reiterated
05/09/25
Evercore ISI
$24→$29
Buy
-15.16%
Downside
Reiterated
05/08/25
Needham
$30→$25
Buy
-26.86%
Downside
Reiterated
05/08/25
TD Cowen
$25
Buy
-26.86%
Downside
Reiterated
05/08/25
Jefferies
$32→$30
Buy
-12.23%
Downside
Reiterated
10/31/24
Best Analysts Covering Allegro MicroSystems
1 Month
xxx
Success Rate
16/19 ratings generated profit
Average Return
+8.65%
reiterated a xxx
rating 2 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 84.21% of your transactions generating a profit, with an average return of +8.65% per trade.
3 Months
xxx
Success Rate
12/19 ratings generated profit
Average Return
+5.76%
reiterated a xxx
rating 2 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 63.16% of your transactions generating a profit, with an average return of +5.76% per trade.
1 Year
Success Rate
14/26 ratings generated profit
Average Return
+11.08%
reiterated a buy rating 6 days ago
Copying Vijay Rakesh's trades and holding each position for 1 Year would result in 53.85% of your transactions generating a profit, with an average return of +11.08% per trade.
2 Years
xxx
Success Rate
14/18 ratings generated profit
Average Return
+18.04%
reiterated a xxx
rating 2 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 77.78% of your transactions generating a profit, with an average return of +18.04% 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
Feb 25
Mar 25
Apr 25
May 25
Jun 25
Strong Buy
0
0
0
0
0
Buy
12
12
6
13
15
Hold
1
1
1
1
2
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
13
13
7
14
17
Each month's total comprises the sum of three months' worth of ratings.
ALGM Financial Forecast
ALGM Stock Forecast FAQ
What is ALGM’s average 12-month price target, according to analysts?
Based on analyst ratings, Allegro MicroSystems’s 12-month average price target is 29.20.
What is ALGM’s upside potential, based on the analysts’ average price target?
Currently there's no upside potential for ALGM, 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 has a consensus rating of Strong Buy which is based on 9 buy ratings, 1 hold ratings and 0 sell ratings.
What is Allegro MicroSystems’s price target?
The average price target for Allegro MicroSystems is 29.20. This is based on 10 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $38.00 ,the lowest forecast is $23.00. The average price target represents -14.57% Decrease from the current price of $34.18.
The highest analyst price target is $38.00 ,the lowest forecast is $23.00. The average price target represents -14.57% Decrease from the current price of $34.18.
What do analysts say about Allegro MicroSystems?
Allegro MicroSystems’s analyst rating consensus is a Strong Buy. This is based on the ratings of 10 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.