Allegro MicroSystems, Inc. (ALGM)
NASDAQ: ALGM · Real-Time Price · USD
34.72
-1.87 (-5.11%)
At close: Mar 3, 2026, 4:00 PM EST
35.76
+1.04 (3.00%)
After-hours: Mar 3, 2026, 6:08 PM EST
Allegro MicroSystems Stock Forecast
Stock Price Forecast
The 11 analysts that cover Allegro MicroSystems stock have a consensus rating of "Strong Buy" and an average price target of $44.27, which forecasts a 27.51% increase in the stock price over the next year. The lowest target is $37 and the highest is $51.
Price Target: $44.27 (+27.51%)
Analyst Consensus: Strong Buy
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 | Sep '25 | Oct '25 | Nov '25 | Dec '25 | Jan '26 | Feb '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 4 | 4 | 4 | 6 | 6 |
| Buy | 4 | 5 | 5 | 5 | 4 | 5 |
| Hold | 1 | 1 | 1 | 1 | 1 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 10 | 10 | 10 | 11 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Needham | Needham | Strong Buy Maintains $41 → $45 | Strong Buy | Maintains | $41 → $45 | +29.61% | Feb 19, 2026 |
| Morgan Stanley | Morgan Stanley | Hold → Buy Upgrades $51 | Hold → Buy | Upgrades | $51 | +46.89% | Feb 13, 2026 |
| Wells Fargo | Wells Fargo | Buy Maintains $45 → $48 | Buy | Maintains | $45 → $48 | +38.25% | Feb 11, 2026 |
| Jefferies | Jefferies | Strong Buy Maintains $37 → $43 | Strong Buy | Maintains | $37 → $43 | +23.85% | Jan 30, 2026 |
| UBS | UBS | Strong Buy Maintains $40 → $44 | Strong Buy | Maintains | $40 → $44 | +26.73% | Jan 30, 2026 |
Financial Forecast
Revenue This Year
900.12M
from 725.01M
Increased by 24.15%
Revenue Next Year
1.05B
from 900.12M
Increased by 16.98%
EPS This Year
0.54
from -0.39
EPS Next Year
0.99
from 0.54
Increased by 82.61%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|
| High | 929.1M | 1.1B | ||
| Avg | 900.1M | 1.1B | ||
| Low | 864.3M | 977.1M |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|
| High | 28.2% | 25.9% | ||
| Avg | 24.2% | 17.0% | ||
| Low | 19.2% | 8.5% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|
| High | 0.59 | 1.32 | ||
| Avg | 0.54 | 0.99 | ||
| Low | 0.50 | 0.75 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|
| High | - | 144.2% | ||
| Avg | - | 82.6% | ||
| Low | - | 39.3% |
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.