Allegro MicroSystems, Inc. (ALGM)
NASDAQ: ALGM · Real-Time Price · USD
31.24
-2.42 (-7.19%)
Nov 4, 2026, 1:09 PM EST - Market open
Allegro MicroSystems Stock Forecast
Stock Price Forecast
According to 13 analysts polled by S&P Global, Allegro MicroSystems stock has a consensus rating of "Strong Buy" and an average price target of $48.85. The average 1-year stock price forecast is 56.37% higher than the current stock price, while the lowest is $40 (+28.04%) and the highest is $62 (+98.46%).
Price Target: $48.85 (+56.37%)
Analyst Consensus: Strong Buy
Price Target
ChartAnalyst 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 | Jun '26 | Jul '26 | Aug '26 | Sep '26 | Oct '26 | Nov '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 8 | 8 | 9 | 9 | 8 | 8 |
| Buy | 3 | 2 | 2 | 2 | 3 | 3 |
| Hold | 0 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 11 | 11 | 12 | 12 | 12 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Bank of America Securities | Bank of America Securities | Buy Maintains $45 | Buy | Maintains | $45 | +44.05% | Oct 30, 2026 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $52 | Buy | Maintains | $52 | +66.45% | Oct 30, 2026 |
| TD Cowen | TD Cowen | Buy Reiterates $40 | Buy | Reiterates | $40 | +28.04% | Oct 30, 2026 |
| Evercore ISI | Evercore ISI | Buy Maintains $53 → $40 | Buy | Maintains | $53 → $40 | +28.04% | Oct 30, 2026 |
| UBS | UBS | Buy Maintains $50 → $48 | Buy | Maintains | $50 → $48 | +53.65% | Oct 30, 2026 |
Financial Forecast
Revenue This Year
1.11B
from 890.10M
Increased by 24.57%
Revenue Next Year
1.31B
from 1.11B
Increased by 17.83%
EPS This Year
1.04
from 0.54
Increased by 93.51%
EPS Next Year
1.55
from 1.04
Increased by 48.13%
EPS and Forward PE are based on non-GAAP adjusted numbers.