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 $54.83. The average 1-year stock price forecast is 39.20% higher than the current stock price, while the lowest is $48 (+21.86%) and the highest is $62 (+57.40%).

Price Target: $54.83 (+39.20%)

Analyst Consensus: Strong Buy

Price Target

Chart

Target	Low	Average	Median	High
Price	$48	$54.83	$55	$62
Change	+21.86%	+39.20%	+39.63%	+57.40%

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

Chart

Rating	Mar '26	Apr '26	May '26	Jun '26	Jul '26	Aug '26
Strong Buy	9	9	9	8	8	9
Buy	3	3	3	3	2	2
Hold	0	0	0	0	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	12	12	12	11	11	12

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Joseph Moore Morgan Stanley	Morgan Stanley	Buy Maintains $51 → $52	Buy	Maintains	$51 → $52	+32.01%	Jul 31, 2026
Thomas O'Malley Barclays	Barclays	Hold Maintains $48	Hold	Maintains	$48	+21.86%	Jul 31, 2026
Vivek Arya Bank of America Securities	Bank of America Securities	Buy Reiterates $54	Buy	Reiterates	$54	+37.09%	Jul 31, 2026
Joshua Buchalter TD Cowen	TD Cowen	Buy Maintains $66 → $48	Buy	Maintains	$66 → $48	+21.86%	Jul 31, 2026
Vijay Rakesh Mizuho Securities	Mizuho Securities	Buy Reiterates $67 → $58	Buy	Reiterates	$67 → $58	+47.25%	Jul 30, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

1.10B

from 890.10M

23.34%

from 890.10M

Revenue Next Year

1.29B

from 1.10B

17.30%

from 1.10B

EPS This Year

1.03

from 0.54

90.32%

from 0.54

EPS Next Year

1.50

from 1.03

45.97%

from 1.03

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 25, 2022	Mar 31, 2023	Mar 29, 2024	Mar 28, 2025	Mar 27, 2026	Mar 31, 2027
Revenue	768.67M	973.65M	1.05B	725.01M	890.10M	1.10B
Revenue Growth	30.02%	26.67%	7.78%	-30.91%	22.77%	23.34%
Gross Profit	407.46M	546.08M	574.53M	322.89M	413.83M	562.54M
Gross Margin	53.01%	56.09%	54.75%	44.54%	46.49%	51.24%
Operating Income	136.65M	203.31M	217.69M	-13.32M	38.44M	230.03M
Net Income	119.41M	187.36M	152.70M	-73.01M	-14.90M	91.57M
EPS	-	-	-	-	0.54	1.03
EPS Growth	-	-	-	-	125.00%	90.32%
Forward PE	31.93	35.55	32.69	63.89	35.31	38.33
Free Cash Flow	83.96M	133.91M	20.99M	35.45M	149.96M	131.01M
No. Analysts	-	-	-	-	-	11

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Chart

Revenue	2027	2028	2029
High	1.1B
Avg	1.1B
Low	1.1B

Revenue Growth

Chart

Revenue Growth	2027	2028	2029
High	26.7%
Avg	23.3%
Low	21.5%

EPS Forecast

Chart

EPS	2027	2028	2029
High	1.14
Avg	1.03
Low	0.97

EPS Growth

Chart

EPS Growth	2027	2028	2029
High	110.3%
Avg	90.3%
Low	79.6%