Allegro MicroSystems, Inc. (ALGM)
NASDAQ: ALGM · Real-Time Price · USD
25.00
+0.16 (0.64%)
At close: Jan 21, 2025, 4:00 PM
25.23
+0.23 (0.92%)
After-hours: Jan 21, 2025, 6:27 PM EST

Allegro MicroSystems Stock Forecast

Stock Price Forecast

The 10 analysts with 12-month price forecasts for ALGM stock have an average target of 30.5, with a low estimate of 21 and a high estimate of 36. The average target predicts an increase of 22.00% from the current stock price of 25.00.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $21 $30.5 $33 $36
Change -16.00% +22.00% +32.00% +44.00%

Analyst Ratings

The average analyst rating for ALGM stock from 10 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 Aug '24Sep '24Oct '24Nov '24Dec '24Jan '25
Strong Buy 455444
Buy 222445
Hold 110111
Sell 000000
Strong Sell 000000
Total 7879910

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Barclays
Barclays
Buy
Maintains
$25$30
Buy Maintains $25$30 +20.00% Jan 17, 2025
Wells Fargo
Wells Fargo
Buy
Maintains
$23$27
Buy Maintains $23$27 +8.00% Jan 13, 2025
Wells Fargo
Wells Fargo
Buy
Initiates
$23
Buy Initiates $23 -8.00% Nov 22, 2024
Morgan Stanley
Morgan Stanley
Hold
Initiates
$21
Hold Initiates $21 -16.00% Nov 7, 2024
Barclays
Barclays
Buy
Maintains
$32$25
Buy Maintains $32$25 n/a Nov 1, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
729.70M
from 1.05B
Decreased by -30.46%
Revenue Next Year
880.25M
from 729.70M
Increased by 20.63%
EPS This Year
0.26
from 0.78
Decreased by -66.29%
EPS Next Year
0.65
from 0.26
Increased by 146.59%
Fiscal Year FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027
Period Ending Mar 27, 2020 Mar 26, 2021 Mar 25, 2022 Mar 31, 2023 Mar 29, 2024 Mar 31, 2025 Mar 31, 2026 Mar 31, 2027
Revenue
650.09M591.21M768.67M973.65M1.05B729.70M880.25M1.09B
Revenue Growth
-10.25%-9.06%30.02%26.67%7.78%-30.46%20.63%23.37%
EPS
3.700.100.620.970.780.260.651.20
EPS Growth
-56.36%-97.30%520.00%56.45%-19.59%-66.29%146.59%84.44%
Forward PE
-----95.0738.5620.90
No. Analysts -----13139
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 2025202620272028
High 781.5M 1.1B 1.3B
Avg 729.7M 880.3M 1.1B
Low 685.3M 771.2M 892.8M

Revenue Growth

Revenue Growth 2025202620272028
High
-25.5%
46.9%
46.9%
Avg
-30.5%
20.6%
23.4%
Low
-34.7%
5.7%
1.4%

EPS Forecast

EPS 2025202620272028
High 0.36 1.04 1.64
Avg 0.26 0.65 1.20
Low 0.20 0.30 0.88

EPS Growth

EPS Growth 2025202620272028
High
-54.2%
295.3%
152.6%
Avg
-66.3%
146.6%
84.4%
Low
-74.9%
15.5%
36.0%
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.