| Date | Upside/Downside | Analyst Firm | Price Target Change | Rating Change | Previous / Current Rating |
|---|---|---|---|---|---|
| 11/03/2023 | 70.87% | Needham | $50 → $44 | Maintains | Buy |
| 09/29/2023 | 39.81% | B of A Securities | → $36 | Initiates Coverage On | → Neutral |
| 08/09/2023 | 94.17% | Needham | → $50 | Reiterates | Buy → Buy |
| 08/02/2023 | 94.17% | Needham | → $50 | Reiterates | Buy → Buy |
| 07/26/2023 | 133.01% | Wells Fargo | $52 → $60 | Maintains | Overweight |
| 07/20/2023 | 117.48% | Mizuho | $50 → $56 | Maintains | Buy |
| 07/20/2023 | 133.01% | Barclays | $50 → $60 | Maintains | Overweight |
| 07/20/2023 | — | Wolfe Research | Initiates Coverage On | → Peer Perform | |
| 05/12/2023 | 94.17% | Mizuho | $48 → $50 | Maintains | Buy |
| 05/12/2023 | 94.17% | Needham | → $50 | Reiterates | Buy → Buy |
| 03/15/2023 | 94.17% | Needham | $42 → $50 | Maintains | Buy |
| 03/15/2023 | 94.17% | Barclays | $44 → $50 | Maintains | Overweight |
| 02/01/2023 | 70.87% | Cowen & Co. | $38 → $44 | Maintains | Outperform |
| 02/01/2023 | 70.87% | Barclays | $32 → $44 | Maintains | Overweight |
| 02/01/2023 | 63.11% | Mizuho | $38 → $42 | Maintains | Buy |
| 02/01/2023 | 63.11% | Needham | $30 → $42 | Maintains | Buy |
| 01/23/2023 | 24.27% | Barclays | $26 → $32 | Maintains | Overweight |
| 01/20/2023 | 47.57% | Cowen & Co. | $30 → $38 | Maintains | Outperform |
| 01/09/2023 | 35.92% | Wells Fargo | $30 → $35 | Maintains | Overweight |
| 10/28/2022 | 47.57% | Mizuho | $42 → $38 | Maintains | Buy |
| 10/27/2022 | 16.5% | Needham | $27 → $30 | Maintains | Buy |
| 07/29/2022 | 4.85% | Needham | $25 → $27 | Maintains | Buy |
| 07/25/2022 | 0.97% | Barclays | $31 → $26 | Maintains | Overweight |
| 07/11/2022 | 16.5% | Wells Fargo | $35 → $30 | Maintains | Overweight |
| 05/25/2022 | 16.5% | Cowen & Co. | → $30 | Initiates Coverage On | → Outperform |
| 05/11/2022 | 63.11% | Mizuho | $44 → $42 | Maintains | Buy |
| 05/11/2022 | 20.39% | Needham | $40 → $31 | Maintains | Buy |
| 04/25/2022 | 20.39% | Barclays | $35 → $31 | Maintains | Overweight |
| 04/20/2022 | 70.87% | Mizuho | $45 → $44 | Maintains | Buy |
| 10/29/2021 | 55.34% | Credit Suisse | $36 → $40 | Maintains | Outperform |
| 10/29/2021 | 47.57% | Barclays | $30 → $38 | Maintains | Overweight |
| 10/29/2021 | 55.34% | Needham | $35 → $40 | Maintains | Buy |
| 09/21/2021 | 47.57% | Wells Fargo | $36 → $38 | Maintains | Overweight |
| 07/30/2021 | 55.34% | Mizuho | $38 → $40 | Maintains | Buy |
| 06/30/2021 | — | William Blair | Initiates Coverage On | → Outperform | |
| 02/09/2021 | 35.92% | Needham | $27 → $35 | Maintains | Buy |
| 02/08/2021 | 39.81% | Credit Suisse | $27 → $36 | Maintains | Outperform |
| 11/23/2020 | 16.5% | SMBC Nikko | → $30 | Initiates Coverage On | → Outperform |
| 11/23/2020 | 4.85% | Credit Suisse | → $27 | Initiates Coverage On | → Outperform |
| 11/23/2020 | 8.74% | Mizuho | → $28 | Initiates Coverage On | → Buy |
| 11/23/2020 | 8.74% | Jefferies | → $28 | Initiates Coverage On | → Buy |
| 11/23/2020 | 4.85% | Needham | → $27 | Initiates Coverage On | → Buy |
What is the target price for Allegro Microsystems (ALGM)?
The latest price target for Allegro Microsystems (NASDAQ: ALGM) was reported by Needham on November 3, 2023. The analyst firm set a price target for $44.00 expecting ALGM to rise to within 12 months (a possible 70.87% upside). 19 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Allegro Microsystems (ALGM)?
The latest analyst rating for Allegro Microsystems (NASDAQ: ALGM) was provided by Needham, and Allegro Microsystems maintained their buy rating.
When is the next analyst rating going to be posted or updated for Allegro Microsystems (ALGM)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Allegro Microsystems, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Allegro Microsystems was filed on November 3, 2023 so you should expect the next rating to be made available sometime around November 3, 2024.
Is the Analyst Rating Allegro Microsystems (ALGM) correct?
While ratings are subjective and will change, the latest Allegro Microsystems (ALGM) rating was a maintained with a price target of $50.00 to $44.00. The current price Allegro Microsystems (ALGM) is trading at is $25.75, which is out of the analyst's predicted range.