Allegro MicroSystems, Inc. (ALGM)
NASDAQ: ALGM · Real-Time Price · USD
20.14
+0.65 (3.34%)
At close: Nov 20, 2024, 4:00 PM
20.00
-0.14 (-0.70%)
Pre-market: Nov 21, 2024, 4:09 AM EST
Allegro MicroSystems Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for ALGM stock have an average target of 31.25, with a low estimate of 21 and a high estimate of 36. The average target predicts an increase of 55.16% from the current stock price of 20.14.
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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 5 | 5 | 4 |
| Buy | 3 | 3 | 2 | 2 | 2 | 3 |
| Hold | 1 | 1 | 1 | 1 | 0 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 8 | 7 | 8 | 7 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Hold Initiates $21 | Hold | Initiates | $21 | +4.27% | Nov 7, 2024 |
| Barclays | Barclays | Buy Maintains $32 → $25 | Buy | Maintains | $32 → $25 | +24.13% | Nov 1, 2024 |
| Needham | Needham | Strong Buy Maintains $33 → $30 | Strong Buy | Maintains | $33 → $30 | +48.96% | Oct 31, 2024 |
| UBS | UBS | Strong Buy Initiates $33 | Strong Buy | Initiates | $33 | +63.85% | Sep 3, 2024 |
| Needham | Needham | Strong Buy Reiterates $33 | Strong Buy | Reiterates | $33 | +63.85% | Aug 2, 2024 |
Financial Forecast
Revenue This Year
728.73M
from 1.05B
Decreased by -30.56%
Revenue Next Year
871.68M
from 728.73M
Increased by 19.62%
EPS This Year
0.26
from 0.78
Decreased by -66.69%
EPS Next Year
0.63
from 0.26
Increased by 142.25%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 781.5M | 1.1B | 1.3B | |
| Avg | 728.7M | 871.7M | 1.1B | |
| Low | 685.3M | 771.2M | 892.8M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | -25.5% | 47.1% | 48.3% | |
| Avg | -30.6% | 19.6% | 23.8% | |
| Low | -34.7% | 5.8% | 2.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 0.36 | 1.04 | 1.64 | |
| Avg | 0.26 | 0.63 | 1.19 | |
| Low | 0.20 | 0.30 | 0.88 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | -54.2% | 300.0% | 160.2% | |
| Avg | -66.7% | 142.2% | 88.5% | |
| Low | -74.9% | 16.9% | 40.1% |
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.