Allegro MicroSystems, Inc. (ALGM)
NASDAQ: ALGM · Real-Time Price · USD
52.76
+2.43 (4.83%)
Jun 3, 2026, 12:21 PM EDT - Market open
Allegro MicroSystems Stock Forecast
Stock Price Forecast
According to 12 analysts polled by S&P Global, Allegro MicroSystems stock has a consensus rating of "Strong Buy" and an average price target of $54.42. The average 1-year stock price forecast is 3.15% higher than the current stock price, while the lowest is $48 (-9.02%) and the highest is $62 (+17.51%).
Price Target: $54.42 (+3.15%)
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 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 9 | 9 | 9 | 9 | 9 | 9 |
| Buy | 2 | 2 | 3 | 3 | 3 | 3 |
| Hold | 1 | 1 | 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 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| UBS | UBS | Buy Maintains $52 → $55 | Buy | Maintains | $52 → $55 | +4.25% | May 8, 2026 |
| Evercore ISI | Evercore ISI | Buy Maintains $49 → $53 | Buy | Maintains | $49 → $53 | +0.45% | May 8, 2026 |
| Barclays | Barclays | Buy Reiterates $46 → $48 | Buy | Reiterates | $46 → $48 | -9.02% | May 8, 2026 |
| TD Cowen | TD Cowen | Buy Reiterates $45 → $55 | Buy | Reiterates | $45 → $55 | +4.25% | May 8, 2026 |
| Needham | Needham | Buy Maintains $45 → $55 | Buy | Maintains | $45 → $55 | +4.25% | May 7, 2026 |
Financial Forecast
Revenue This Year
1.08B
from 890.10M
Increased by 20.77%
Revenue Next Year
1.26B
from 1.08B
Increased by 16.84%
EPS This Year
1.00
from -0.08
EPS Next Year
1.50
from 1.00
Increased by 48.82%
Revenue Forecast
| Revenue | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| High | 1.1B | 1.4B | ||
| Avg | 1.1B | 1.3B | ||
| Low | 993.7M | 1.1B |
Revenue Growth
| Revenue Growth | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| High | 28.9% | 34.0% | ||
| Avg | 20.8% | 16.8% | ||
| Low | 11.6% | 6.9% |
EPS Forecast
| EPS | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| High | 1.24 | 2.17 | ||
| Avg | 1.00 | 1.50 | ||
| Low | 0.82 | 1.27 |
EPS Growth
| EPS Growth | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| High | - | 116.3% | ||
| Avg | - | 48.8% | ||
| Low | - | 26.8% |
Sources: Price targets and consensus ratings provided by S&P Global Market Intelligence. Historical ratings and analyst data provided by TipRanks. Financial forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data sources.