Allegro MicroSystems, Inc. (ALGM)
NASDAQ: ALGM · Real-Time Price · USD
26.61
-1.00 (-3.62%)
At close: Feb 21, 2025, 4:00 PM
26.65
+0.04 (0.15%)
After-hours: Feb 21, 2025, 7:02 PM EST
Allegro MicroSystems Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for Allegro MicroSystems stock have an average target of 30.22, with a low estimate of 23 and a high estimate of 36. The average target predicts an increase of 13.57% from the current stock price of 26.61.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Allegro MicroSystems stock from 9 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 | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '25 | Feb '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 4 | 4 | 4 | 4 |
| Buy | 2 | 2 | 4 | 4 | 5 | 4 |
| Hold | 1 | 0 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 7 | 9 | 9 | 10 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Hold Maintains $21 → $23 | Hold | Maintains | $21 → $23 | -13.57% | Feb 3, 2025 |
| Needham | Needham | Strong Buy Reiterates $30 | Strong Buy | Reiterates | $30 | +12.74% | Jan 31, 2025 |
| Barclays | Barclays | Buy Maintains $25 → $30 | Buy | Maintains | $25 → $30 | +12.74% | Jan 17, 2025 |
| Wells Fargo | Wells Fargo | Buy Maintains $23 → $27 | Buy | Maintains | $23 → $27 | +1.47% | Jan 13, 2025 |
| Wells Fargo | Wells Fargo | Buy Initiates $23 | Buy | Initiates | $23 | -13.57% | Nov 22, 2024 |
Financial Forecast
Revenue This Year
730.09M
from 1.05B
Decreased by -30.43%
Revenue Next Year
859.51M
from 730.09M
Increased by 17.73%
EPS This Year
0.23
from 0.78
Decreased by -69.92%
EPS Next Year
0.54
from 0.23
Increased by 131.74%
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| High | 755.7M | 992.3M | 1.3B | |
| Avg | 730.1M | 859.5M | 1.0B | |
| Low | 685.3M | 771.2M | 895.2M |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| High | -28.0% | 35.9% | 49.2% | |
| Avg | -30.4% | 17.7% | 21.1% | |
| Low | -34.7% | 5.6% | 4.2% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| High | 0.25 | 0.74 | 1.58 | |
| Avg | 0.23 | 0.54 | 1.02 | |
| Low | 0.22 | 0.39 | 0.75 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| High | -67.7% | 213.3% | 189.7% | |
| Avg | -69.9% | 131.7% | 87.1% | |
| Low | -72.4% | 67.1% | 38.8% |
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.