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

OverviewRevenueOwnershipFinancialsChartTranscripts

ALGM Stock Forecast

Allegro MicroSystems (ALGM) stock forecast, based on 8 Wall Street analysts, predicts a 12-month average price target of $28.00, with a high of $30.00 and a low of $26.00. This represents a 40.85% increase from the last price of $19.88.

$15 $19 $23 $27 $31 $35 High: $30 Avg: $28 Low: $26 Last Closed Price: $19.88

ALGM Stock Rating

Allegro MicroSystems stock's rating consensus is Buy, based on 8 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 8 Buy (100.00%), 0 Hold (0.00%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 8 0 8 Strong Sell Sell Hold Buy Strong Buy

ALGM Price Target Upside V Benchmarks

TypeNameUpside
StockAllegro MicroSystems40.85%
SectorTechnology Stocks 33.74%
IdeaSemiconductor Stocks List 42.92%

Price Target Trends

1M3M12M
# Anlaysts--4
Avg Price Target--$31.25
Last Closing Price$19.88$19.88$19.88
Upside/Downside--57.19%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Apr, 25272--11
Mar, 25282--12
Feb, 25292--13
Jan, 25293--14
Dec, 24292--13
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 12, 2024Gary MobleyLoop Capital Markets$30.00$20.4946.41%50.91%
Oct 18, 2024Vijay RakeshMizuho Securities$26.00$20.6226.09%30.78%
Sep 03, 2024Timothy ArcuriUBS$33.00$24.5334.53%66.00%
Apr 15, 2024Mark LipacisEvercore ISI$36.00$26.2637.09%81.09%
Feb 02, 2024Chris CasoWolfe Research$35.00$28.6622.12%76.06%
Apr 20, 2022Mizuho Securities$44.00$24.8477.13%121.33%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Nov 12, 2024Loop Capital MarketsBuyinitialise
Oct 31, 2024JefferiesBuyBuyhold
Oct 31, 2024BarclaysOverweightOverweighthold
Sep 03, 2024UBSBuyinitialise
Aug 02, 2024JefferiesUnderperformUnderperformhold
Jun 13, 2024Cowen & Co.BuyBuyhold
Apr 15, 2024Evercore ISIOutperforminitialise
Feb 02, 2024NeedhamBuyBuyhold
Feb 02, 2024Wolfe ResearchOutperformupgrade
Mar 15, 2023NeedhamBuyBuyhold

Financial Forecast

EPS Forecast

Mar 21 Mar 22 Mar 23 Mar 24 Mar 25 Mar 26 Mar 27 Mar 28
Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26Mar 27Mar 28
Reported$0.09$0.63$0.98$0.79----
Avg Forecast$0.44$0.78$1.27$1.32$0.26$0.62$1.11$1.35
High Forecast$0.47$0.84$1.37$1.42$0.27$0.67$2.02$1.45
Low Forecast$0.40$0.71$1.22$1.27$0.24$0.60$-0.27$1.30
Surprise %-79.55%-19.23%-22.83%-40.15%----

Revenue Forecast

$500M $650M $800M $950M $1B $1B Mar 21 Mar 22 Mar 23 Mar 24 Mar 25 Mar 26 Mar 27 Mar 28
Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26Mar 27Mar 28
Reported$591.21M$768.67M$973.65M$1.05B----
Avg Forecast$583.07M$763.57M$969.18M$1.04B$718.19M$856.17M$1.04B$1.14B
High Forecast$613.58M$803.53M$1.03B$1.11B$760.66M$906.80M$1.04B$1.21B
Low Forecast$543.44M$711.68M$939.93M$1.01B$696.51M$830.33M$1.04B$1.11B
Surprise %1.40%0.67%0.46%0.54%----

Net Income Forecast

$-100M $0 $100M $200M $300M $400M Mar 21 Mar 22 Mar 23 Mar 24 Mar 25 Mar 26 Mar 27 Mar 28
Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26Mar 27Mar 28
Reported$17.95M$119.41M$187.36M$152.70M----
Avg Forecast$85.94M$89.92M$247.88M$-25.12M$49.76M$123.45M$96.54M$262.81M
High Forecast$91.78M$107.90M$266.94M$-20.10M$52.02M$130.49M$393.06M$283.02M
Low Forecast$78.34M$71.93M$238.16M$-30.14M$47.50M$116.42M$-52.42M$252.50M
Surprise %-79.11%32.80%-24.42%-707.87%----

ALGM Forecast FAQ

Is Allegro MicroSystems stock a buy?

Allegro MicroSystems stock has a consensus rating of Buy, based on 8 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 8 Buy, 0 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Allegro MicroSystems is a favorable investment for most analysts.

What is Allegro MicroSystems's price target?

Allegro MicroSystems's price target, set by 8 Wall Street analysts, averages $28 over the next 12 months. The price target range spans from $26 at the low end to $30 at the high end, suggesting a potential 40.85% change from the previous closing price of $19.88.

How does Allegro MicroSystems stock forecast compare to its benchmarks?

Allegro MicroSystems's stock forecast shows a 40.85% upside, outperforming the average forecast for the technology stocks sector (33.74%), trailing the Semiconductor Stocks List (42.92%) investment idea.

What is the breakdown of analyst ratings for Allegro MicroSystems over the past three months?

  • April 2025: 18.18% Strong Buy, 63.64% Buy, 18.18% Hold, 0% Sell, 0% Strong Sell.
  • March 2025: 16.67% Strong Buy, 66.67% Buy, 16.67% Hold, 0% Sell, 0% Strong Sell.
  • February 2025: 15.38% Strong Buy, 69.23% Buy, 15.38% Hold, 0% Sell, 0% Strong Sell.

What is Allegro MicroSystems’s EPS forecast?

Allegro MicroSystems's average annual EPS forecast for its fiscal year ending in March 2025 is $0.26, marking a -67.09% decrease from the reported $0.79 in 2024. Estimates for the following years are $0.62 in 2026, $1.11 in 2027, and $1.35 in 2028.

What is Allegro MicroSystems’s revenue forecast?

Allegro MicroSystems's average annual revenue forecast for its fiscal year ending in March 2025 is $718.19M, reflecting a -31.56% decrease from the reported $1.05B in 2024. The forecast for 2026 is $856.17M, followed by $1.04B for 2027, and $1.14B for 2028.

What is Allegro MicroSystems’s net income forecast?

Allegro MicroSystems's net income forecast for the fiscal year ending in March 2025 stands at $49.76M, representing a -67.41% decrease from the reported $152.7M in 2024. Projections indicate $123.45M in 2026, $96.54M in 2027, and $262.81M in 2028.