Allegro MicroSystems (ALGM) Stock Forecast, Price Target & Predictions
ALGM Stock Forecast
Allegro MicroSystems stock forecast is as follows: an average price target of $32.00 (represents a 54.22% upside from ALGM’s last price of $20.75) and a rating consensus of 'Buy', based on 8 wall street analysts offering a 1-year stock forecast.
ALGM Price Target
The average price target for Allegro MicroSystems (ALGM) is $32.00 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $36.00 to $26.00. This represents a potential 54.22% upside from ALGM's last price of $20.75.
ALGM Analyst Ratings
According to 8 Wall Street analysts, Allegro MicroSystems's rating consensus is 'Buy'. The analyst rating breakdown for ALGM stock is 0 'Strong Buy' (0.00%), 8 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Allegro MicroSystems Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 12, 2024 | Gary Mobley | Loop Capital Markets | $30.00 | $20.49 | 46.41% | 44.58% |
| Oct 18, 2024 | Vijay Rakesh | Mizuho Securities | $26.00 | $20.62 | 26.09% | 25.30% |
| Sep 03, 2024 | Timothy Arcuri | UBS | $33.00 | $24.53 | 34.53% | 59.04% |
| Apr 15, 2024 | Mark Lipacis | Evercore ISI | $36.00 | $26.26 | 37.09% | 73.49% |
| Feb 02, 2024 | Chris Caso | Wolfe Research | $35.00 | $28.66 | 22.12% | 68.67% |
| Apr 20, 2022 | - | Mizuho Securities | $44.00 | $24.84 | 77.13% | 112.05% |
The latest Allegro MicroSystems stock forecast, released on Nov 12, 2024 by Gary Mobley from Loop Capital Markets, set a price target of $30.00, which represents a 46.41% increase from the stock price at the time of the forecast ($20.49), and a 44.58% increase from ALGM last price ($20.75).
Allegro MicroSystems Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 3 | 5 |
| Avg Price Target | $30.00 | $29.67 | $32.00 |
| Last Closing Price | $20.75 | $20.75 | $20.75 |
| Upside/Downside | 44.58% | 42.99% | 54.22% |
In the current month, the average price target of Allegro MicroSystems stock is $30.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 44.58% increase as opposed to Allegro MicroSystems's last price of $20.75. This month's average price target is up 1.11% compared to last quarter, and down -6.25% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 12, 2024 | Loop Capital Markets | - | Buy | Initialise |
| Oct 31, 2024 | Jefferies | Buy | Buy | Hold |
| Oct 31, 2024 | Barclays | Overweight | Overweight | Hold |
| Sep 03, 2024 | UBS | - | Buy | Initialise |
| Aug 02, 2024 | Jefferies | Underperform | Underperform | Hold |
| Aug 02, 2024 | Needham | Buy | Buy | Hold |
| Jun 13, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Apr 15, 2024 | Evercore ISI | - | Outperform | Initialise |
| Feb 02, 2024 | Needham | Buy | Buy | Hold |
| Feb 02, 2024 | Wolfe Research | - | Outperform | Upgrade |
Allegro MicroSystems's last stock rating was published by Loop Capital Markets on Nov 12, 2024. The company Initialise its ALGM rating from "null" to "Buy".
Allegro MicroSystems Financial Forecast
Allegro MicroSystems Revenue Forecast
| Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 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 | $235.70M | $219.27M | $208.73M | $193.94M | $184.34M | $176.36M | $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 | $312.22M | $297.27M | $294.35M | $273.95M | $245.41M | $228.30M | $217.33M | $201.93M | $191.93M | $183.63M | $187.77M | $165.04M | $234.96M | $265.45M | $275.07M | $287.28M | $275.94M | $255.34M | $225.03M | $207.71M | $195.18M | $182.73M | $188.04M | $177.60M | $167.00M | $149.09M | $136.62M |
| Low Forecast | $293.24M | $279.20M | $276.46M | $257.30M | $230.50M | $214.43M | $204.12M | $189.66M | $180.27M | $172.47M | $187.27M | $165.04M | $234.96M | $249.32M | $274.97M | $269.82M | $259.17M | $239.82M | $225.03M | $207.71M | $195.18M | $182.73M | $188.04M | $177.60M | $167.00M | $149.09M | $136.62M |
| # Analysts | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 1 | 1 | 1 | 8 | 4 | 6 | 3 | 6 | 3 | 6 | 4 | 7 | 4 | 7 | 4 | 7 |
| 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 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 1 | 1 | 1 | 8 | 4 | 6 | 3 | 6 | 3 | 6 | 4 | 7 | 4 | 7 | 4 | 7 |
| 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 | $62.82M | $59.81M | $59.22M | $55.12M | $49.38M | $45.94M | $43.73M | $40.63M | $38.62M | $36.95M | $39.28M | $34.58M | $51.83M | $53.41M | $57.61M | $57.80M | $47.12M | $53.50M | $47.45M | $43.80M | $42.83M | $38.53M | $39.65M | $37.45M | $27.63M | $-21.47M | $28.81M |
| High Forecast | $65.41M | $62.28M | $61.66M | $57.39M | $51.41M | $47.83M | $45.53M | $42.30M | $40.21M | $38.47M | $39.34M | $34.58M | $62.19M | $55.61M | $57.62M | $60.18M | $56.54M | $64.20M | $47.45M | $43.80M | $51.40M | $38.53M | $39.65M | $37.45M | $33.16M | $-17.17M | $28.81M |
| Low Forecast | $61.43M | $58.49M | $57.92M | $53.90M | $48.29M | $44.92M | $42.76M | $39.73M | $37.77M | $36.13M | $39.23M | $34.58M | $41.46M | $52.23M | $57.60M | $56.53M | $37.69M | $42.80M | $47.45M | $43.80M | $34.27M | $38.53M | $39.65M | $37.45M | $22.10M | $-25.76M | $28.81M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.69% | 1.53% | 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 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 1 | 1 | 1 | 8 | 4 | 6 | 3 | 6 | 3 | 6 | 4 | 7 | 4 | 7 | 4 | 7 |
| 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 | $58.86M | $52.98M | $50.77M | $42.30M | $38.78M | $31.95M | $26.85M | $19.88M | $15.56M | $12.08M | $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 | $62.01M | $55.82M | $53.49M | $44.56M | $40.86M | $33.66M | $28.29M | $20.95M | $16.39M | $12.73M | $12.12M | $4.27M | $37.19M | $57.44M | $73.86M | $73.95M | $33.81M | $41.06M | $50.30M | $43.14M | $30.74M | $34.75M | $34.84M | $30.95M | $9.63M | $-3.74M | $19.59M |
| Low Forecast | $57.17M | $51.46M | $49.31M | $41.08M | $37.67M | $31.03M | $26.08M | $19.31M | $15.11M | $11.74M | $11.99M | $4.07M | $24.80M | $52.63M | $68.09M | $68.18M | $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 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 1 | 1 | 1 | 8 | 4 | 6 | 3 | 6 | 3 | 6 | 4 | 7 | 4 | 7 | 4 | 7 |
| 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 | $47.10M | $43.82M | $41.71M | $38.76M | $36.84M | $35.24M | $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 | $62.39M | $59.41M | $58.82M | $54.74M | $49.04M | $45.62M | $43.43M | $40.35M | $38.36M | $36.70M | $37.52M | $32.98M | $67.99M | $53.05M | $54.97M | $57.41M | $61.81M | $47.33M | $44.97M | $41.51M | $56.19M | $36.52M | $37.58M | $35.49M | $38.78M | $74.42M | $27.30M |
| Low Forecast | $58.60M | $55.79M | $55.25M | $51.42M | $46.06M | $42.85M | $40.79M | $37.90M | $36.02M | $34.47M | $37.42M | $32.98M | $45.32M | $49.82M | $54.95M | $53.92M | $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 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 1 | 1 | 1 | 8 | 4 | 6 | 3 | 6 | 3 | 6 | 4 | 7 | 4 | 7 | 4 | 7 |
| 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 | $0.31 | $0.28 | $0.27 | $0.22 | $0.20 | $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 | $0.33 | $0.30 | $0.28 | $0.24 | $0.22 | $0.18 | $0.15 | $0.11 | $0.09 | $0.07 | $0.06 | $0.02 | $0.21 | $0.30 | $0.39 | $0.39 | $0.38 | $0.34 | $0.26 | $0.22 | $0.20 | $0.18 | $0.18 | $0.16 | $0.14 | $0.12 | $0.10 |
| Low Forecast | $0.30 | $0.27 | $0.26 | $0.22 | $0.20 | $0.16 | $0.14 | $0.10 | $0.08 | $0.06 | $0.06 | $0.02 | $0.21 | $0.28 | $0.36 | $0.36 | $0.35 | $0.31 | $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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| WOLF | Wolfspeed | $6.44 | $56.29 | 774.07% | Hold |
| SYNA | Synaptics | $74.64 | $160.83 | 115.47% | Buy |
| QRVO | Qorvo | $67.87 | $115.55 | 70.25% | Hold |
| ALGM | Allegro MicroSystems | $20.75 | $32.00 | 54.22% | Buy |
| SLAB | Silicon Laboratories | $103.44 | $151.00 | 45.98% | Buy |
| MCHP | Microchip | $66.51 | $87.89 | 32.15% | Buy |
| ON | ON Semiconductor | $68.47 | $87.52 | 27.82% | Buy |
| POWI | Power Integrations | $62.41 | $79.00 | 26.58% | Buy |
| DIOD | Diodes | $59.17 | $74.00 | 25.06% | Buy |
| MPWR | Monolithic Power Systems | $572.47 | $706.67 | 23.44% | Buy |
| LSCC | Lattice Semiconductor | $52.26 | $57.27 | 9.59% | Buy |
| NXPI | NXP Semiconductors | $224.57 | $245.18 | 9.18% | Buy |
| ADI | Analog Devices | $213.96 | $224.64 | 4.99% | Buy |
| MTSI | MACOM Technology Solutions | $131.33 | $103.88 | -20.90% | Buy |