Allegro MicroSystems, Inc. (ALGM)

Allegro MicroSystems Stock Forecast

Stock Price Forecast

According to 8 professional analysts, the 12-month price target for Allegro MicroSystems stock ranges from a low of $23 to a high of $35. The average analyst price target of $26.75 forecasts a -10.45% decrease in the stock price over the next year.

Price Target: $26.75 (-10.45%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$23	$26.75	$25	$35
Change	-23.00%	-10.45%	-16.30%	+17.17%

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	Jan '25	Feb '25	Mar '25	Apr '25	May '25	Jun '25
Strong Buy	4	4	3	3	3	3
Buy	5	4	5	4	4	4
Hold	1	1	1	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	10	9	9	8	8	8

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Joseph Moore Morgan Stanley	Morgan Stanley	Hold Maintains $23 → $25	Hold	Maintains	$23 → $25	-16.30%	Jun 9, 2025
Timothy Arcuri UBS	UBS	Strong Buy Maintains $22 → $25	Strong Buy	Maintains	$22 → $25	-16.30%	May 9, 2025
Blayne Curtis Barclays	Barclays	Buy Maintains $22 → $23	Buy	Maintains	$22 → $23	-23.00%	May 9, 2025
Quinn Bolton Needham	Needham	Strong Buy Maintains $30 → $25	Strong Buy	Maintains	$30 → $25	-16.30%	May 9, 2025
Timothy Arcuri UBS	UBS	Strong Buy Maintains $30 → $22	Strong Buy	Maintains	$30 → $22	-26.35%	Apr 29, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

862.46M

Increased by 18.96%

from 725.01M

Revenue Next Year

1.02B

Increased by 17.92%

from 862.46M

EPS This Year

0.53

from -0.39

EPS Next Year

0.96

Increased by 81.66%

from 0.53

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027	FY 2028
Period Ending	Mar 26, 2021	Mar 25, 2022	Mar 31, 2023	Mar 29, 2024	Mar 28, 2025	Mar 31, 2026	Mar 31, 2027	Mar 31, 2028
Revenue	591.21M	768.67M	973.65M	1.05B	725.01M	862.46M	1.02B	1.16B
Revenue Growth	-9.06%	30.02%	26.67%	7.78%	-30.91%	18.96%	17.92%	14.06%
EPS	0.10	0.62	0.97	0.78	-0.39	0.53	0.96	1.35
EPS Growth	-97.30%	520.00%	56.45%	-19.59%	-	-	81.66%	40.92%
Forward PE	-	-	-	-	-	56.81	31.27	22.19
No. Analysts	-	-	-	-	-	14	14	7

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027	2028
High	960.1M	1.1B	1.4B
Avg	862.5M	1.0B	1.2B
Low	792.3M	926.0M	1.0B

Revenue Growth

Revenue Growth	2026	2027	2028
High	32.4%	31.7%	34.7%
Avg	19.0%	17.9%	14.1%
Low	9.3%	7.4%	-0.3%

EPS Forecast

EPS	2026	2027	2028
High	0.77	1.24	1.82
Avg	0.53	0.96	1.35
Low	0.38	0.69	0.98

EPS Growth

EPS Growth	2026	2027	2028
High	-	135.7%	91.0%
Avg	-	81.7%	40.9%
Low	-	30.5%	2.6%

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.