Allegro MicroSystems, Inc. (ALGM)
NASDAQ: ALGM · Real-Time Price · USD
55.52
-6.06 (-9.84%)
At close: Jun 23, 2026, 4:00 PM EDT
55.40
-0.12 (-0.22%)
After-hours: Jun 23, 2026, 7:55 PM EDT
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 $55.73. The average 1-year stock price forecast is 0.38% higher than the current stock price, while the lowest is $48 (-13.54%) and the highest is $70 (+26.08%).
Price Target: $55.73 (+0.38%)
Analyst Consensus: Strong Buy
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 '26 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 9 | 9 | 9 | 9 | 9 | 8 |
| Buy | 2 | 3 | 3 | 3 | 3 | 3 |
| Hold | 1 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 12 | 12 | 12 | 12 | 12 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| TD Cowen | TD Cowen | Buy Reiterates $55 → $70 | Buy | Reiterates | $55 → $70 | +26.08% | Jun 22, 2026 |
| Wells Fargo | Wells Fargo | Buy Reiterates $60 → $56 | Buy | Reiterates | $60 → $56 | +0.86% | Jun 9, 2026 |
| UBS | UBS | Buy Maintains $52 → $55 | Buy | Maintains | $52 → $55 | -0.94% | May 8, 2026 |
| Evercore ISI | Evercore ISI | Buy Maintains $49 → $53 | Buy | Maintains | $49 → $53 | -4.54% | May 8, 2026 |
| Barclays | Barclays | Buy Reiterates $46 → $48 | Buy | Reiterates | $46 → $48 | -13.54% | May 8, 2026 |
Financial Forecast
Revenue This Year
1.09B
from 890.10M
Increased by 22.75%
Revenue Next Year
1.24B
from 1.09B
Increased by 13.76%
EPS This Year
1.05
from 0.54
Increased by 94.86%
EPS Next Year
1.47
from 1.05
Increased by 39.97%
EPS and Forward PE are based on non-GAAP adjusted numbers.
Revenue Forecast
| Revenue | 2027 | 2028 | 2029 |
|---|---|---|---|
| High | 1.2B | ||
| Avg | 1.1B | ||
| Low | 1.0B |
Revenue Growth
| Revenue Growth | 2027 | 2028 | 2029 |
|---|---|---|---|
| High | 39.2% | ||
| Avg | 22.7% | ||
| Low | 16.8% |
EPS Forecast
| EPS | 2027 | 2028 | 2029 |
|---|---|---|---|
| High | 1.36 | ||
| Avg | 1.05 | ||
| Low | 0.84 |
EPS Growth
| EPS Growth | 2027 | 2028 | 2029 |
|---|---|---|---|
| High | 151.9% | ||
| Avg | 94.9% | ||
| Low | 55.4% |