Allegro MicroSystems (ALGM) Stock Forecast, Price Target & Predictions


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ALGM Stock Forecast


Allegro MicroSystems stock forecast is as follows: an average price target of $32.50 (represents a 60.26% upside from ALGM’s last price of $20.28) and a rating consensus of 'Buy', based on 5 wall street analysts offering a 1-year stock forecast.

ALGM Price Target


The average price target for Allegro MicroSystems (ALGM) is $32.50 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $36.00 to $26.00. This represents a potential 60.26% upside from ALGM's last price of $20.28.

ALGM Analyst Ratings


Buy

According to 5 Wall Street analysts, Allegro MicroSystems's rating consensus is 'Buy'. The analyst rating breakdown for ALGM stock is 0 'Strong Buy' (0.00%), 5 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Allegro MicroSystems Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 18, 2024Vijay RakeshMizuho Securities$26.00$20.6226.09%28.21%
Sep 03, 2024Timothy ArcuriUBS$33.00$24.5334.53%62.72%
Apr 15, 2024Mark LipacisEvercore ISI$36.00$26.2637.09%77.51%
Feb 02, 2024Chris CasoWolfe Research$35.00$28.6622.12%72.58%
Apr 20, 2022-Mizuho Securities$44.00$24.8477.13%116.96%
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The latest Allegro MicroSystems stock forecast, released on Oct 18, 2024 by Vijay Rakesh from Mizuho Securities, set a price target of $26.00, which represents a 26.09% increase from the stock price at the time of the forecast ($20.62), and a 28.21% increase from ALGM last price ($20.28).

Allegro MicroSystems Price Target by Period


1M3M12M
# Anlaysts124
Avg Price Target$26.00$29.50$32.50
Last Closing Price$20.28$20.28$20.28
Upside/Downside28.21%45.46%60.26%

In the current month, the average price target of Allegro MicroSystems stock is $26.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 28.21% increase as opposed to Allegro MicroSystems's last price of $20.28. This month's average price target is down -11.86% compared to last quarter, and down -20.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 03, 2024UBS-BuyInitialise
Aug 02, 2024NeedhamBuyBuyHold
Aug 02, 2024JefferiesUnderperformUnderperformHold
Jun 13, 2024Cowen & Co.BuyBuyHold
Apr 15, 2024Evercore ISI-OutperformInitialise
Feb 02, 2024NeedhamBuyBuyHold
Feb 02, 2024Wolfe Research-OutperformUpgrade
Mar 15, 2023NeedhamBuyBuyHold
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Allegro MicroSystems's last stock rating was published by UBS on Sep 03, 2024. The company Initialise its ALGM rating from "null" to "Buy".

Allegro MicroSystems Financial Forecast


Allegro MicroSystems Revenue Forecast

Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
Revenue-------------$254.98M$275.51M$278.29M$269.44M$248.79M$237.67M$217.75M$200.29M$186.63M$193.61M$188.14M$175.11M$164.45M$136.65M
Avg Forecast$299.86M$285.51M$282.70M$263.10M$237.14M$220.12M$208.02M$193.31M$183.60M$176.56M$187.52M$165.04M$234.96M$254.95M$274.99M$275.91M$265.02M$245.23M$225.03M$207.71M$195.18M$182.73M$188.04M$177.60M$167.00M$149.09M$136.62M
High Forecast$319.07M$303.80M$300.81M$279.96M$252.34M$234.22M$221.34M$205.69M$195.36M$187.87M$187.77M$165.04M$234.96M$271.28M$275.07M$293.59M$282.00M$260.95M$225.03M$207.71M$195.18M$182.73M$188.04M$177.60M$167.00M$149.09M$136.62M
Low Forecast$285.11M$271.47M$268.80M$250.17M$225.48M$209.30M$197.79M$183.80M$174.57M$167.87M$187.27M$165.04M$234.96M$242.41M$274.97M$262.35M$251.98M$233.17M$225.03M$207.71M$195.18M$182.73M$188.04M$177.60M$167.00M$149.09M$136.62M
# Analysts222221114421118463636474747
Surprise %-------------1.00%1.00%1.01%1.02%1.01%1.06%1.05%1.03%1.02%1.03%1.06%1.05%1.10%1.00%

Allegro MicroSystems's average Quarter revenue forecast for Mar 24 based on 1 analysts is $234.96M, with a low forecast of $234.96M, and a high forecast of $234.96M. ALGM's average Quarter revenue forecast represents a -7.85% decrease compared to the company's last Quarter revenue of $254.98M (Dec 23).

Allegro MicroSystems EBITDA Forecast

Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts222221114421118463636474747
EBITDA-------------$36.69M$88.00M$70.75M$76.82M$84.88M$69.06M$22.16M$42.97M$51.50M$51.67M$44.10M$29.75M$-23.42M$24.15M
Avg Forecast$63.23M$60.20M$59.61M$55.48M$50.01M$46.42M$43.86M$40.76M$38.72M$37.23M$39.54M$34.80M$51.83M$53.76M$57.99M$58.18M$47.12M$53.50M$47.45M$43.80M$42.83M$38.53M$39.65M$37.45M$27.63M$-21.47M$28.81M
High Forecast$67.28M$64.06M$63.43M$59.04M$53.21M$49.39M$46.67M$43.37M$41.20M$39.62M$39.60M$34.80M$62.19M$57.20M$58.00M$61.91M$56.54M$64.20M$47.45M$43.80M$51.40M$38.53M$39.65M$37.45M$33.16M$-17.17M$28.81M
Low Forecast$60.12M$57.24M$56.68M$52.75M$47.55M$44.13M$41.71M$38.76M$36.81M$35.40M$39.49M$34.80M$41.46M$51.12M$57.98M$55.32M$37.69M$42.80M$47.45M$43.80M$34.27M$38.53M$39.65M$37.45M$22.10M$-25.76M$28.81M
Surprise %-------------0.68%1.52%1.22%1.63%1.59%1.46%0.51%1.00%1.34%1.30%1.18%1.08%1.09%0.84%

1 analysts predict ALGM's average Quarter EBITDA for Mar 24 to be $51.83M, with a high of $62.19M and a low of $41.46M. This is 41.27% upper than Allegro MicroSystems's previous annual EBITDA (Dec 23) of $36.69M.

Allegro MicroSystems Net Income Forecast

Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts222221114421118463636474747
Net Income-------------$33.34M$65.62M$60.85M$61.98M$64.52M$50.61M$10.25M$25.62M$32.97M$33.19M$27.67M$8.64M$-5.09M$9.58M
Avg Forecast$67.75M$60.55M$59.50M$50.72M$39.25M$31.90M$26.47M$19.89M$15.42M$12.27M$12.05M$4.17M$31.00M$54.51M$70.10M$70.19M$28.18M$34.22M$50.30M$43.14M$25.62M$34.75M$34.84M$30.95M$8.03M$-4.67M$19.59M
High Forecast$73.40M$65.59M$64.45M$54.95M$42.52M$34.55M$28.67M$21.55M$16.71M$13.29M$12.12M$4.27M$37.19M$59.06M$75.94M$76.04M$33.81M$41.06M$50.30M$43.14M$30.74M$34.75M$34.84M$30.95M$9.63M$-3.74M$19.59M
Low Forecast$63.42M$56.68M$55.69M$47.48M$36.74M$29.86M$24.78M$18.62M$14.44M$11.48M$11.99M$4.07M$24.80M$52.63M$65.62M$65.71M$22.54M$27.37M$50.30M$43.14M$20.49M$34.75M$34.84M$30.95M$6.42M$-5.60M$19.59M
Surprise %-------------0.61%0.94%0.87%2.20%1.89%1.01%0.24%1.00%0.95%0.95%0.89%1.08%1.09%0.49%

Allegro MicroSystems's average Quarter net income forecast for Mar 24 is $31.00M, with a range of $24.80M to $37.19M. ALGM's average Quarter net income forecast represents a -7.05% decrease compared to the company's last Quarter net income of $33.34M (Dec 23).

Allegro MicroSystems SG&A Forecast

Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts222221114421118463636474747
SG&A-------------$52.75M$43.16M$44.23M$48.25M$37.37M$39.12M$69.98M$46.82M$37.96M$34.09M$32.06M$34.80M$67.65M$24.24M
Avg Forecast$59.92M$57.05M$56.49M$52.58M$47.39M$43.99M$41.57M$38.63M$36.69M$35.28M$37.47M$32.98M$56.65M$50.95M$54.95M$55.14M$51.50M$39.44M$44.97M$41.51M$46.82M$36.52M$37.58M$35.49M$32.31M$62.01M$27.30M
High Forecast$63.76M$60.71M$60.11M$55.95M$50.43M$46.81M$44.23M$41.10M$39.04M$37.54M$37.52M$32.98M$67.99M$54.21M$54.97M$58.67M$61.81M$47.33M$44.97M$41.51M$56.19M$36.52M$37.58M$35.49M$38.78M$74.42M$27.30M
Low Forecast$56.98M$54.25M$53.72M$49.99M$45.06M$41.82M$39.52M$36.73M$34.89M$33.55M$37.42M$32.98M$45.32M$48.44M$54.95M$52.43M$41.20M$31.55M$44.97M$41.51M$37.46M$36.52M$37.58M$35.49M$25.85M$49.61M$27.30M
Surprise %-------------1.04%0.79%0.80%0.94%0.95%0.87%1.69%1.00%1.04%0.91%0.90%1.08%1.09%0.89%

Allegro MicroSystems's average Quarter SG&A projection for Mar 24 is $56.65M, based on 1 Wall Street analysts, with a range of $45.32M to $67.99M. The forecast indicates a 7.41% rise compared to ALGM last annual SG&A of $52.75M (Dec 23).

Allegro MicroSystems EPS Forecast

Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts222221114421118463636474747
EPS-------------$0.17$0.34$0.32$0.32$0.34$0.26$0.05$0.13$0.17$0.17$0.15$0.05$-0.04$0.05
Avg Forecast$0.36$0.32$0.31$0.27$0.21$0.17$0.14$0.11$0.08$0.06$0.06$0.02$0.21$0.29$0.37$0.37$0.36$0.32$0.26$0.22$0.20$0.18$0.18$0.16$0.14$0.12$0.10
High Forecast$0.39$0.35$0.34$0.29$0.22$0.18$0.15$0.11$0.09$0.07$0.06$0.02$0.21$0.31$0.40$0.40$0.39$0.35$0.26$0.22$0.20$0.18$0.18$0.16$0.14$0.12$0.10
Low Forecast$0.34$0.30$0.29$0.25$0.19$0.16$0.13$0.10$0.08$0.06$0.06$0.02$0.21$0.28$0.35$0.35$0.34$0.30$0.26$0.22$0.20$0.18$0.18$0.16$0.14$0.12$0.10
Surprise %-------------0.59%0.92%0.86%0.89%1.06%1.00%0.22%0.63%0.95%0.94%0.94%0.36%-0.33%0.50%

According to 1 Wall Street analysts, Allegro MicroSystems's projected average Quarter EPS for Mar 24 is $0.21, with a low estimate of $0.21 and a high estimate of $0.21. This represents a 25.55% increase compared to ALGM previous annual EPS of $0.17 (Dec 23).

Allegro MicroSystems Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
WOLFWolfspeed$12.93$56.43336.43%Hold
SYNASynaptics$69.27$160.83132.18%Buy
QRVOQorvo$71.37$117.5764.73%Hold
ALGMAllegro MicroSystems$20.28$32.5060.26%Buy
SLABSilicon Laboratories$104.74$162.0054.67%Hold
ONON Semiconductor$69.50$87.2725.57%Buy
POWIPower Integrations$63.48$79.0024.45%Buy
DIODDiodes$60.19$74.0022.94%Buy
MCHPMicrochip$74.47$90.5321.57%Buy
LSCCLattice Semiconductor$51.89$62.1119.70%Buy
NXPINXP Semiconductors$236.90$242.932.55%Buy
ADIAnalog Devices$224.19$224.640.20%Buy
MPWRMonolithic Power Systems$766.57$706.67-7.81%Buy
MTSIMACOM Technology Solutions$113.80$103.88-8.72%Buy

ALGM Forecast FAQ


Yes, according to 5 Wall Street analysts, Allegro MicroSystems (ALGM) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 100.00% of ALGM's total ratings.

Allegro MicroSystems (ALGM) average price target is $32.5 with a range of $26 to $36, implying a 60.26% from its last price of $20.28. The data is based on 5 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for ALGM stock, the company can go up by 60.26% (from the last price of $20.28 to the average price target of $32.5), up by 77.51% based on the highest stock price target, and up by 28.21% based on the lowest stock price target.

ALGM's average twelve months analyst stock price target of $32.5 supports the claim that Allegro MicroSystems can reach $30 in the near future.

1 Wall Street analyst forecast a $26 price target for Allegro MicroSystems (ALGM) this month, up 28.21% from its last price of $20.28. Compared to the last 3 and 12 months, the average price target increased by 45.46% and increased by 60.26%, respectively.

Allegro MicroSystems's analysts financial forecasts for the fiscal year (Mar 2026) are as follows: average revenue is $858.59M (high $913.6M, low $816.36M), average EBITDA is $181.05M (high $192.65M, low $172.15M), average net income is $117.51M (high $127.29M, low $110M), average SG&A $171.58M (high $182.57M, low $163.14M), and average EPS is $0.621 (high $0.673, low $0.581). ALGM's analysts financial forecasts for the fiscal year (Mar 2027) are as follows: average revenue is $1.13B (high $1.2B, low $1.08B), average EBITDA is $238.53M (high $253.81M, low $226.8M), average net income is $238.52M (high $258.39M, low $223.27M), average SG&A $226.05M (high $240.53M, low $214.93M), and average EPS is $1.26 (high $1.37, low $1.18).

Based on Allegro MicroSystems's last annual report (Mar 2023), the company's revenue was $973.65M, beating the average analysts forecast of $942.98M by 3.25%. Apple's EBITDA was $253.24M, beating the average prediction of $191.86M by 31.99%. The company's net income was $187.36M, beating the average estimation of $155.84M by 20.22%. Apple's SG&A was $194.72M, beating the average forecast of $177.42M by 9.75%. Lastly, the company's EPS was $0.98, missing the average prediction of $1.16 by -15.69%. In terms of the last quarterly report (Dec 2023), Allegro MicroSystems's revenue was $254.98M, beating the average analysts' forecast of $254.95M by 0.01%. The company's EBITDA was $36.69M, missing the average prediction of $53.76M by -31.76%. Allegro MicroSystems's net income was $33.34M, missing the average estimation of $54.51M by -38.83%. The company's SG&A was $52.75M, beating the average forecast of $50.95M by 3.53%. Lastly, the company's EPS was $0.17, missing the average prediction of $0.288 by -41.00%