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Allegro MicroSystems (ALGM)
NASDAQ:ALGM
US Market

Allegro MicroSystems (ALGM) Stock Forecast & Price Target

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ALGM Analyst Ratings

Strong Buy
9Ratings
Strong Buy
8 Buy
1 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

$26.11
▼(-9.37%Downside)
Based on 9 Wall Street analysts offering 12 month price targets for Allegro MicroSystems in the last 3 months. The average price target is $26.11 with a high forecast of $31.00 and a low forecast of $23.00. The average price target represents a -9.37% change from the last price of $28.81.
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Highest Price Target$31.00Average Price Target$26.11Lowest 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​
Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
TipRanks Analyst forecast on ALGM
TipRanks AITipRanks
Not Ranked
TipRanks
$29
Hold
0.66%
Upside
Reiterated
06/05/25
Allegro MicroSystems' stock is supported by strong technical momentum and a positive outlook from the recent earnings call, despite facing financial performance challenges and valuation concerns. Strategic initiatives and market positioning provide potential for recovery, but immediate profitability challenges must be addressed.
UBS
$22$25
Buy
-13.22%
Downside
Reiterated
05/09/25
Allegro MicroSystems price target raised to $25 from $22 at UBSAllegro MicroSystems price target raised to $25 from $22 at UBS
Morgan Stanley Analyst forecast on ALGM
Joseph MooreMorgan Stanley
Morgan Stanley
$23
Hold
-20.17%
Downside
Initiated
05/09/25
Hold Rating for Allegro MicroSystems Amid Declining Automotive Revenue and Competitive Pressures
Loop Capital Markets Analyst forecast on ALGM
Gary MobleyLoop Capital Markets
Loop Capital Markets
$30$28
Buy
-2.81%
Downside
Reiterated
05/09/25
Allegro MicroSystems (ALGM) Receives a Buy from Loop Capital Markets
Barclays
$22$23
Buy
-20.17%
Downside
Reiterated
05/09/25
Allegro MicroSystems (ALGM) Gets a Buy from Barclays
Evercore ISI Analyst forecast on ALGM
Mark LipacisEvercore ISI
Evercore ISI
$24$29
Buy
0.66%
Upside
Reiterated
05/08/25
Allegro MicroSystems: Strong Financial Performance and Growth Prospects Drive Buy Rating
Needham
$30$25
Buy
-13.22%
Downside
Reiterated
05/08/25
Positive Outlook for Allegro MicroSystems Amid Revenue Growth and Strategic Management
Mizuho Securities Analyst forecast on ALGM
Vijay RakeshMizuho Securities
Mizuho Securities
$31
Buy
7.60%
Upside
Reiterated
05/08/25
Wells Fargo Analyst forecast on ALGM
Joseph QuatrochiWells Fargo
Wells Fargo
$35$26
Buy
-9.75%
Downside
Reiterated
05/08/25
Allegro MicroSystems (ALGM) Gets a Buy from Wells Fargo
TD Cowen
$25
Buy
-13.22%
Downside
Reiterated
05/08/25
Allegro MicroSystems: Buy Rating Affirmed Amidst Technological Innovation and Financial Recovery
Jefferies Analyst forecast on ALGM
Blayne CurtisJefferies
Jefferies
$32$30
Buy
4.13%
Upside
Reiterated
10/31/24
Allegro MicroSystems (ALGM) PT Lowered to $30 at JefferiesJefferies analyst Blayne Curtis lowered the price target on Allegro MicroSystems (NASDAQ: ALGM) to $30.00 (from $32.00) while maintaining a Buy rating.
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
TipRanks Analyst forecast on ALGM
TipRanks AITipRanks
Not Ranked
TipRanks
$29
Hold
0.66%
Upside
Reiterated
06/05/25
Allegro MicroSystems' stock is supported by strong technical momentum and a positive outlook from the recent earnings call, despite facing financial performance challenges and valuation concerns. Strategic initiatives and market positioning provide potential for recovery, but immediate profitability challenges must be addressed.
UBS
$22$25
Buy
-13.22%
Downside
Reiterated
05/09/25
Allegro MicroSystems price target raised to $25 from $22 at UBSAllegro MicroSystems price target raised to $25 from $22 at UBS
Morgan Stanley Analyst forecast on ALGM
Joseph MooreMorgan Stanley
Morgan Stanley
$23
Hold
-20.17%
Downside
Initiated
05/09/25
Hold Rating for Allegro MicroSystems Amid Declining Automotive Revenue and Competitive Pressures
Loop Capital Markets Analyst forecast on ALGM
Gary MobleyLoop Capital Markets
Loop Capital Markets
$30$28
Buy
-2.81%
Downside
Reiterated
05/09/25
Allegro MicroSystems (ALGM) Receives a Buy from Loop Capital Markets
Barclays
$22$23
Buy
-20.17%
Downside
Reiterated
05/09/25
Allegro MicroSystems (ALGM) Gets a Buy from Barclays
Evercore ISI Analyst forecast on ALGM
Mark LipacisEvercore ISI
Evercore ISI
$24$29
Buy
0.66%
Upside
Reiterated
05/08/25
Allegro MicroSystems: Strong Financial Performance and Growth Prospects Drive Buy Rating
Needham
$30$25
Buy
-13.22%
Downside
Reiterated
05/08/25
Positive Outlook for Allegro MicroSystems Amid Revenue Growth and Strategic Management
Mizuho Securities Analyst forecast on ALGM
Vijay RakeshMizuho Securities
Mizuho Securities
$31
Buy
7.60%
Upside
Reiterated
05/08/25
Wells Fargo Analyst forecast on ALGM
Joseph QuatrochiWells Fargo
Wells Fargo
$35$26
Buy
-9.75%
Downside
Reiterated
05/08/25
Allegro MicroSystems (ALGM) Gets a Buy from Wells Fargo
TD Cowen
$25
Buy
-13.22%
Downside
Reiterated
05/08/25
Allegro MicroSystems: Buy Rating Affirmed Amidst Technological Innovation and Financial Recovery
Jefferies Analyst forecast on ALGM
Blayne CurtisJefferies
Jefferies
$32$30
Buy
4.13%
Upside
Reiterated
10/31/24
Allegro MicroSystems (ALGM) PT Lowered to $30 at JefferiesJefferies analyst Blayne Curtis lowered the price target on Allegro MicroSystems (NASDAQ: ALGM) to $30.00 (from $32.00) while maintaining a Buy rating.
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Find stocks in the Technology sector that are highly recommended by Top Performing Analysts.

Best Analysts Covering Allegro MicroSystems

1 Month
xxx
Success Rate
16/19 ratings generated profit
84%
Average Return
+8.65%
reiterated a xxx
rating last month
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
63%
Average Return
+4.83%
reiterated a xxx
rating last month
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 +4.83% per trade.
1 Year
Vijay RakeshMizuho Securities
Success Rate
14/26 ratings generated profit
54%
Average Return
+7.04%
reiterated a buy rating last month
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 +7.04% per trade.
2 Years
xxx
Success Rate
14/19 ratings generated profit
74%
Average Return
+13.87%
reiterated a xxx
rating last month
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 73.68% of your transactions generating a profit, with an average return of +13.87% 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 25
Feb 25
Mar 25
Apr 25
May 25
Strong Buy
0
0
0
0
0
Buy
19
12
12
6
13
Hold
1
1
1
1
1
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
20
13
13
7
14
In the current month, ALGM has received 13 Buy Ratings, 1 Hold Ratings, and 0 Sell Ratings. ALGM average Analyst price target in the past 3 months is 26.11.
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 $0.08 with a range of $0.08 to $0.10. The previous quarter’s EPS was $0.06. ALGM beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 66.02% of the time in the same period. In the last calendar year ALGM has Outperformed its overall industry.
Next quarter’s earnings estimate for ALGM is $0.08 with a range of $0.08 to $0.10. The previous quarter’s EPS was $0.06. ALGM beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 66.02% of the time in the same period. In the last calendar year ALGM has Outperformed its overall industry.

ALGM Sales Forecast

Next quarter’s sales forecast for ALGM is $197.91M with a range of $196.90M to $202.00M. The previous quarter’s sales results were $192.82M. ALGM beat its sales estimates 75.00% of the time in past 12 months, while its overall industry beat sales estimates 68.24% of the time in the same period. In the last calendar year ALGM has Outperformed its overall industry.
Next quarter’s sales forecast for ALGM is $197.91M with a range of $196.90M to $202.00M. The previous quarter’s sales results were $192.82M. ALGM beat its sales estimates 75.00% of the time in past 12 months, while its overall industry beat sales estimates 68.24% of the time in the same period. In the last calendar year ALGM has Outperformed 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’s 12-month average price target is 26.11.
    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 8 buy ratings, 1 hold ratings and 0 sell ratings.
          What is Allegro MicroSystems’s price target?
          The average price target for Allegro MicroSystems is 26.11. This is based on 9 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
          The highest analyst price target is $31.00 ,the lowest forecast is $23.00. The average price target represents -9.37% Decrease from the current price of $28.81.
            What do analysts say about Allegro MicroSystems?
            Allegro MicroSystems’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.
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