Allegro MicroSystems, Inc. (ALGM)

Stock Price Forecast

According to 14 stock analysts, the average 12-month stock price forecast for ALGM stock is $32.2, which predicts a decrease of -24.84%. The lowest target is $26.26 and the highest is $39.9. On average, analysts rate ALGM stock as a buy.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$26.26	$32.2	$30.6	$39.9
Change	-38.70%	-24.84%	-28.57%	-6.86%

Analyst Ratings

The average analyst rating for ALGM stock from 14 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Sep '22	Oct '22	Nov '22	Dec '22	Jan '23	Feb '23
Strong Buy	4	4	4	4	4	4
Buy	9	9	9	9	8	8
Hold	1	1	1	2	2	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	14	14	14	15	14	14

Financial Forecast

Revenue This Year

971.35M

Increased by 26.37%

from 768.67M

Revenue Next Year

1.04B

Increased by 7.27%

from 971.35M

EPS This Year

1.21

Increased by 94.83%

from 0.62

EPS Next Year

1.27

Increased by 5.19%

from 1.21

Year	2018	2019	2020	2021	2022	2023	2024
Revenue	724.31M	650.09M	591.21M	768.67M	971.35M	1.04B	1.18B
Revenue Growth	-	-10.25%	-9.06%	30.02%	26.37%	7.27%	12.86%
EPS	8.47	3.70	0.10	0.62	1.21	1.27	1.46
EPS Growth	-	-56.32%	-97.30%	520.00%	94.83%	5.19%	15.03%
No. Analysts	-	-	-	-	10	10	5

Revenue Forecast

Revenue	2022	2023	2024
High	1.0B	1.1B	1.2B
Avg	971.4M	1.0B	1.2B
Low	928.5M	931.0M	1.1B

Revenue Growth

Revenue Growth	2022	2023	2024
High	30.6%	15.6%	18.7%
Avg	26.4%	7.3%	12.9%
Low	20.8%	-4.2%	7.1%

EPS Forecast

EPS	2022	2023	2024
High	1.25	1.40	1.51
Avg	1.21	1.27	1.46
Low	1.14	1.12	1.39

EPS Growth

EPS Growth	2022	2023	2024
High	101.5%	15.6%	19.0%
Avg	94.8%	5.2%	15.0%
Low	83.4%	-7.5%	9.5%

Sources: Price target, rating and forecast data provided by Finnhub and sourced from Wall Street analysts and other sell-side and buy-side analysts and investors. Data disclaimer.