Allegro MicroSystems, Inc. (ALGM)
NASDAQ: ALGM · IEX Real-Time Price · USD
29.53
+1.60 (5.73%)
At close: Jul 2, 2024, 4:00 PM
29.60
+0.07 (0.24%)
After-hours: Jul 2, 2024, 7:51 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 38.38, with a low estimate of 33 and a high estimate of 60. The average target predicts an increase of 29.97% from the current stock price of 29.53.
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 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 4 | 4 |
| Buy | 3 | 3 | 3 | 4 | 3 | 3 |
| Hold | 2 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 6 | 6 | 7 | 8 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| TD Cowen | TD Cowen | Strong Buy Maintains $32 → $35 | Strong Buy | Maintains | $32 → $35 | +18.52% | Jun 13, 2024 |
| Jefferies | Jefferies | Strong Buy Initiates $37 | Strong Buy | Initiates | $37 | +25.30% | May 13, 2024 |
| Barclays | Barclays | Buy Maintains $35 → $32 | Buy | Maintains | $35 → $32 | +8.36% | May 10, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $35 → $32 | Strong Buy | Maintains | $35 → $32 | +8.36% | May 10, 2024 |
| Mizuho | Mizuho | Strong Buy Maintains $45 → $35 | Strong Buy | Maintains | $45 → $35 | +18.52% | May 10, 2024 |
Financial Forecast
Revenue This Year
811.18M
from 1.05B
Decreased by -22.70%
Revenue Next Year
1.06B
from 811.18M
Increased by 30.92%
EPS This Year
0.47
from 0.78
Decreased by -40.03%
EPS Next Year
1.15
from 0.47
Increased by 146.48%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 875.2M | 1.4B | 1.2B | 1.4B |
| Avg | 811.2M | 1.1B | 1.2B | 1.3B |
| Low | 759.0M | 941.8M | 1.1B | 1.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | -16.6% | 68.6% | 14.7% | 16.8% |
| Avg | -22.7% | 30.9% | 9.6% | 9.0% |
| Low | -27.7% | 16.1% | 3.6% | 0.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 0.60 | 1.92 | 1.47 | 1.79 |
| Avg | 0.47 | 1.15 | 1.40 | 1.63 |
| Low | 0.36 | 0.89 | 1.32 | 1.47 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | -23.3% | 310.8% | 27.5% | 27.3% |
| Avg | -40.0% | 146.5% | 21.6% | 16.4% |
| Low | -53.5% | 90.6% | 14.7% | 4.8% |
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.