Allegro MicroSystems, Inc. (ALGM)
NASDAQ: ALGM · Real-Time Price · USD
48.48
+0.55 (1.15%)
May 8, 2026, 12:24 PM EDT - Market open
Allegro MicroSystems Stock Forecast
Stock Price Forecast
The 11 analysts that cover Allegro MicroSystems stock have a consensus rating of "Strong Buy" and an average price target of $47.73, which forecasts a -1.55% decrease in the stock price over the next year. The lowest target is $37 and the highest is $56.
Price Target: $47.73 (-1.55%)
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Allegro MicroSystems stock 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 '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 6 | 6 | 6 | 6 | 6 |
| Buy | 5 | 4 | 5 | 5 | 5 | 5 |
| Hold | 1 | 1 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10 | 11 | 11 | 11 | 11 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Buy Maintains $46 → $48 | Buy | Maintains | $46 → $48 | -0.99% | May 8, 2026 |
| Wells Fargo | Wells Fargo | Buy Maintains $48 → $56 | Buy | Maintains | $48 → $56 | +15.51% | May 8, 2026 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $49 → $53 | Buy | Maintains | $49 → $53 | +9.32% | May 8, 2026 |
| Mizuho | Mizuho | Buy Maintains $44 → $54 | Buy | Maintains | $44 → $54 | +11.39% | May 8, 2026 |
| Needham | Needham | Strong Buy Maintains $45 → $55 | Strong Buy | Maintains | $45 → $55 | +13.45% | May 7, 2026 |
Financial Forecast
Revenue This Year
1.06B
from 890.10M
Increased by 19.31%
Revenue Next Year
1.26B
from 1.06B
Increased by 18.83%
EPS This Year
0.98
from -0.08
EPS Next Year
1.54
from 0.98
Increased by 56.56%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| High | 1.2B | 1.4B | ||
| Avg | 1.1B | 1.3B | ||
| Low | 977.1M | 1.1B |
Revenue Growth
| Revenue Growth | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| High | 33.9% | 34.5% | ||
| Avg | 19.3% | 18.8% | ||
| Low | 9.8% | 5.4% |
EPS Forecast
| EPS | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| High | 1.29 | 2.22 | ||
| Avg | 0.98 | 1.54 | ||
| Low | 0.75 | 1.26 |
EPS Growth
| EPS Growth | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| High | - | 124.9% | ||
| Avg | - | 56.6% | ||
| Low | - | 28.3% |
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 sources.