Allegro MicroSystems, Inc. (ALGM)
NASDAQ: ALGM · IEX Real-Time Price · USD
29.96
+0.83 (2.85%)
Apr 26, 2024, 10:47 AM EDT - Market open
Allegro MicroSystems Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for ALGM stock have an average target of 46.14, with a low estimate of 35 and a high estimate of 60. The average target predicts an increase of 54.01% from the current stock price of 29.96.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for ALGM stock from 7 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 3 | 3 | 3 | 3 | 3 | 4 |
| Hold | 2 | 2 | 2 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 7 | 7 | 6 | 6 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Evercore ISI Group | Evercore ISI Group | Buy Initiates $36 | Buy | Initiates | $36 | +20.16% | Apr 16, 2024 |
| Needham | Needham | Strong Buy Maintains $44 → $40 | Strong Buy | Maintains | $44 → $40 | +33.51% | Feb 2, 2024 |
| Wolfe Research | Wolfe Research | Hold → Buy Upgrades $35 | Hold → Buy | Upgrades | $35 | +16.82% | Feb 2, 2024 |
| Needham | Needham | Strong Buy Maintains $50 → $44 | Strong Buy | Maintains | $50 → $44 | +46.86% | Nov 3, 2023 |
| B of A Securities | B of A Securities | Hold Initiates $36 | Hold | Initiates | $36 | +20.16% | Sep 29, 2023 |
Financial Forecast
Revenue This Year
1.07B
from 973.65M
Increased by 9.38%
Revenue Next Year
955.96M
from 1.07B
Decreased by -10.24%
EPS This Year
1.35
from 0.97
Increased by 38.95%
EPS Next Year
0.90
from 1.35
Decreased by -33.05%
Revenue Forecast
| Revenue | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
| High | 1.1B | 1.0B | 1.3B | 1.4B | 1.6B |
| Avg | 1.1B | 956.0M | 1.1B | 1.4B | 1.5B |
| Low | 1.0B | 880.5M | 1.0B | 1.3B | 1.5B |
Revenue Growth
| Revenue Growth | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
| High | 12.6% | -4.1% | 31.7% | 24.9% | 15.1% |
| Avg | 9.4% | -10.2% | 19.1% | 21.3% | 11.8% |
| Low | 5.1% | -17.3% | 8.5% | 16.6% | 7.5% |
EPS Forecast
| EPS | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
| High | 1.40 | 1.06 | 1.61 | 1.99 | 2.31 |
| Avg | 1.35 | 0.90 | 1.37 | 1.94 | 2.24 |
| Low | 1.29 | 0.72 | 1.12 | 1.86 | 2.16 |
EPS Growth
| EPS Growth | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
| High | 44.0% | -21.3% | 78.0% | 45.6% | 19.2% |
| Avg | 39.0% | -33.0% | 51.9% | 41.4% | 15.8% |
| Low | 33.1% | -46.9% | 23.8% | 35.9% | 11.2% |
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.