Allegro MicroSystems, Inc. (ALGM)
NASDAQ: ALGM · Real-Time Price · USD
43.08
-3.72 (-7.95%)
Jul 28, 2026, 10:48 AM EDT - Market open
Allegro MicroSystems Stock Forecast
Stock Price Forecast
According to 11 analysts polled by S&P Global, Allegro MicroSystems stock has a consensus rating of "Strong Buy" and an average price target of $56.55. The average 1-year stock price forecast is 31.27% higher than the current stock price, while the lowest is $48 (+11.42%) and the highest is $67 (+55.52%).
Price Target: $56.55 (+31.27%)
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 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 | Jul '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 9 | 9 | 9 | 9 | 8 | 8 |
| Buy | 3 | 3 | 3 | 3 | 3 | 2 |
| Hold | 0 | 0 | 0 | 0 | 0 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 12 | 12 | 12 | 12 | 11 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Hold Downgrades $48 | Hold | Downgrades | $48 | +11.42% | Jul 20, 2026 |
| TD Cowen | TD Cowen | Buy Maintains $70 → $66 | Buy | Maintains | $70 → $66 | +53.20% | Jul 13, 2026 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $51 | Buy | Maintains | $51 | +18.38% | Jul 13, 2026 |
| Mizuho Securities | Mizuho Securities | Buy Maintains $54 → $67 | Buy | Maintains | $54 → $67 | +55.52% | Jun 29, 2026 |
| Wells Fargo | Wells Fargo | Buy Reiterates $60 → $56 | Buy | Reiterates | $60 → $56 | +29.99% | Jun 9, 2026 |
Financial Forecast
Revenue This Year
1.07B
from 890.10M
Increased by 19.94%
Revenue Next Year
1.25B
from 1.07B
Increased by 17.34%
EPS This Year
1.03
from 0.54
Increased by 90.49%
EPS Next Year
1.49
from 1.03
Increased by 45.30%
EPS and Forward PE are based on non-GAAP adjusted numbers.