Allegro MicroSystems, Inc. (ALGM)
NASDAQ: ALGM · Real-Time Price · USD
21.59
+0.52 (2.47%)
Dec 20, 2024, 4:00 PM EST - Market closed
Allegro MicroSystems Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for ALGM stock have an average target of 30.33, with a low estimate of 21 and a high estimate of 36. The average target predicts an increase of 40.48% from the current stock price of 21.59.
Analyst Consensus: Strong Buy
* Price targets were last updated on Nov 22, 2024.
Analyst Ratings
The average analyst rating for ALGM 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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 5 | 5 | 4 | 4 |
| Buy | 3 | 2 | 2 | 2 | 4 | 4 |
| Hold | 1 | 1 | 1 | 0 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 7 | 8 | 7 | 9 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wells Fargo | Wells Fargo | Buy Initiates $23 | Buy | Initiates | $23 | +6.53% | Nov 22, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Initiates $21 | Hold | Initiates | $21 | -2.73% | Nov 7, 2024 |
| Barclays | Barclays | Buy Maintains $32 → $25 | Buy | Maintains | $32 → $25 | +15.79% | Nov 1, 2024 |
| Needham | Needham | Strong Buy Maintains $33 → $30 | Strong Buy | Maintains | $33 → $30 | +38.95% | Oct 31, 2024 |
| UBS | UBS | Strong Buy Initiates $33 | Strong Buy | Initiates | $33 | +52.85% | Sep 3, 2024 |
Financial Forecast
Revenue This Year
729.70M
from 1.05B
Decreased by -30.46%
Revenue Next Year
874.19M
from 729.70M
Increased by 19.80%
EPS This Year
0.26
from 0.78
Decreased by -66.29%
EPS Next Year
0.65
from 0.26
Increased by 145.81%
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| High | 781.5M | 1.1B | 1.3B | |
| Avg | 729.7M | 874.2M | 1.1B | |
| Low | 685.3M | 771.2M | 871.0M |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| High | -25.5% | 46.9% | 47.9% | |
| Avg | -30.5% | 19.8% | 20.6% | |
| Low | -34.7% | 5.7% | -0.4% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| High | 0.36 | 1.04 | 1.64 | |
| Avg | 0.26 | 0.65 | 1.13 | |
| Low | 0.20 | 0.30 | 0.73 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| High | -54.2% | 295.3% | 153.4% | |
| Avg | -66.3% | 145.8% | 74.9% | |
| Low | -74.9% | 15.5% | 12.2% |
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.