Allegro MicroSystems, Inc. (ALGM)
NASDAQ: ALGM · IEX Real-Time Price · USD
29.65
-0.10 (-0.34%)
At close: May 17, 2024, 4:00 PM
30.45
+0.80 (2.70%)
After-hours: May 17, 2024, 7:27 PM EDT
Allegro MicroSystems Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for ALGM stock have an average target of 38, with a low estimate of 32 and a high estimate of 60. The average target predicts an increase of 28.16% from the current stock price of 29.65.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for ALGM stock from 8 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 4 |
| Buy | 3 | 3 | 3 | 3 | 4 | 3 |
| Hold | 2 | 2 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 7 | 6 | 6 | 7 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Strong Buy Initiates $37 | Strong Buy | Initiates | $37 | +24.79% | May 13, 2024 |
| Barclays | Barclays | Buy Maintains $35 → $32 | Buy | Maintains | $35 → $32 | +7.93% | May 10, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $35 → $32 | Strong Buy | Maintains | $35 → $32 | +7.93% | May 10, 2024 |
| Mizuho | Mizuho | Strong Buy Maintains $45 → $35 | Strong Buy | Maintains | $45 → $35 | +18.04% | May 10, 2024 |
| Needham | Needham | Strong Buy Maintains $40 → $33 | Strong Buy | Maintains | $40 → $33 | +11.30% | May 10, 2024 |
Financial Forecast
Revenue This Year
1.07B
from 973.65M
Increased by 9.38%
Revenue Next Year
955.96M
from 1.07B
Decreased by -10.24%
EPS This Year
1.35
from 0.97
Increased by 38.95%
EPS Next Year
0.90
from 1.35
Decreased by -33.05%
Revenue Forecast
| Revenue | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
| High | 1.1B | 1.0B | 1.3B | 1.3B | 1.4B |
| Avg | 1.1B | 956.0M | 1.1B | 1.3B | 1.4B |
| Low | 1.0B | 880.5M | 1.0B | 1.2B | 1.3B |
Revenue Growth
| Revenue Growth | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
| High | 12.6% | -4.1% | 31.7% | 14.3% | 14.2% |
| Avg | 9.4% | -10.2% | 19.1% | 11.1% | 10.0% |
| Low | 5.1% | -17.3% | 8.5% | 6.7% | 4.7% |
EPS Forecast
| EPS | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
| High | 1.40 | 1.06 | 1.61 | 1.68 | 2.10 |
| Avg | 1.35 | 0.90 | 1.37 | 1.63 | 1.99 |
| Low | 1.29 | 0.72 | 1.12 | 1.57 | 1.86 |
EPS Growth
| EPS Growth | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
| High | 44.0% | -21.3% | 78.0% | 22.6% | 28.7% |
| Avg | 39.0% | -33.0% | 51.9% | 19.1% | 21.9% |
| Low | 33.1% | -46.9% | 23.8% | 14.4% | 14.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.