Allegro MicroSystems, Inc. (ALGM)

Allegro MicroSystems Stock Forecast

Stock Price Forecast

The 8 analysts that cover Allegro MicroSystems stock have a consensus rating of "Strong Buy" and an average price target of $29.13, which forecasts a -15.32% decrease in the stock price over the next year. The lowest target is $23 and the highest is $38.

Price Target: $29.13 (-15.32%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$23	$29.13	$31	$38
Change	-33.14%	-15.32%	-9.88%	+10.47%

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	Jan '25	Feb '25	Mar '25	Apr '25	May '25	Jun '25
Strong Buy	4	4	3	3	3	3
Buy	5	4	5	4	4	4
Hold	1	1	1	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	10	9	9	8	8	8

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Joseph Quatrochi Wells Fargo	Wells Fargo	Buy Maintains $26 → $33	Buy	Maintains	$26 → $33	-4.07%	Jun 16, 2025
Timothy Arcuri UBS	UBS	Strong Buy Maintains $25 → $35	Strong Buy	Maintains	$25 → $35	+1.74%	Jun 16, 2025
Vivek Arya B of A Securities	B of A Securities	Strong Buy Initiates $38	Strong Buy	Initiates	$38	+10.47%	Jun 16, 2025
Joseph Moore Morgan Stanley	Morgan Stanley	Hold Maintains $23 → $25	Hold	Maintains	$23 → $25	-27.33%	Jun 9, 2025
Timothy Arcuri UBS	UBS	Strong Buy Maintains $22 → $25	Strong Buy	Maintains	$22 → $25	-27.33%	May 9, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

858.12M

Increased by 18.36%

from 725.01M

Revenue Next Year

1.02B

Increased by 18.98%

from 858.12M

EPS This Year

0.54

from -0.39

EPS Next Year

0.98

Increased by 82.70%

from 0.54

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027	FY 2028
Period Ending	Mar 26, 2021	Mar 25, 2022	Mar 31, 2023	Mar 29, 2024	Mar 28, 2025	Mar 31, 2026	Mar 31, 2027	Mar 31, 2028
Revenue	591.21M	768.67M	973.65M	1.05B	725.01M	858.12M	1.02B	1.18B
Revenue Growth	-9.06%	30.02%	26.67%	7.78%	-30.91%	18.36%	18.98%	15.96%
EPS	0.10	0.62	0.97	0.78	-0.39	0.54	0.98	1.40
EPS Growth	-97.30%	520.00%	56.45%	-19.59%	-	-	82.70%	42.78%
Forward PE	-	-	-	-	-	64.24	35.16	24.63
No. Analysts	-	-	-	-	-	14	14	7

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027	2028
High	916.7M	1.2B	1.4B
Avg	858.1M	1.0B	1.2B
Low	792.3M	926.0M	1.0B

Revenue Growth

Revenue Growth	2026	2027	2028
High	26.4%	37.9%	39.2%
Avg	18.4%	19.0%	16.0%
Low	9.3%	7.9%	1.5%

EPS Forecast

EPS	2026	2027	2028
High	0.77	1.39	1.97
Avg	0.54	0.98	1.40
Low	0.38	0.69	1.03

EPS Growth

EPS Growth	2026	2027	2028
High	-	158.8%	101.5%
Avg	-	82.7%	42.8%
Low	-	28.1%	5.2%

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.