ALGM Stock Forecast 2025-2026
Distance to ALGM Price Targets
ALGM Price Momentum
🤔 Considering Allegro MicroSystems (ALGM)?
Join 5,000+ investors getting our exclusive market analysis every Monday & Thursday. Stay ahead of breakout opportunities.
Latest ALGM Stock Price Targets & Analyst Predictions
Based on our analysis of 13 Wall Street analysts, ALGM has a bullish consensus with a median price target of $30.00 (ranging from $23.00 to $35.00). The overall analyst rating is Strong Buy (8.9/10). Currently trading at $26.78, the median forecast implies a 12.0% upside. This outlook is supported by 9 Buy, 2 Hold, and 0 Sell ratings.
The most optimistic forecast comes from Joshua Buchalter at TD Cowen, projecting a 30.7% upside. Conversely, the most conservative target is provided by Joseph Moore at Morgan Stanley, suggesting a 14.1% downside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
ALGM Analyst Ratings
ALGM Price Target Range
Latest ALGM Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for ALGM.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Feb 24, 2025 | Needham | Quinn Bolton | Buy | Reiterates | $30.00 |
| Feb 3, 2025 | Morgan Stanley | Joseph Moore | Equal-Weight | Maintains | $23.00 |
| Jan 31, 2025 | Needham | Quinn Bolton | Buy | Reiterates | $30.00 |
| Jan 17, 2025 | Barclays | Blayne Curtis | Overweight | Maintains | $30.00 |
| Jan 13, 2025 | Wells Fargo | Joseph Quatrochi | Overweight | Maintains | $27.00 |
| Nov 22, 2024 | Wells Fargo | Gary Mobley | Overweight | Initiates | $23.00 |
| Nov 7, 2024 | Morgan Stanley | Joseph Moore | Equal-Weight | Initiates | $21.00 |
| Nov 1, 2024 | Barclays | Blayne Curtis | Overweight | Maintains | $25.00 |
| Oct 31, 2024 | Needham | Quinn Bolton | Buy | Maintains | $30.00 |
| Sep 3, 2024 | UBS | Timothy Arcuri | Buy | Initiates | $33.00 |
| Aug 2, 2024 | Needham | Quinn Bolton | Buy | Reiterates | $33.00 |
| Jun 13, 2024 | TD Cowen | Joshua Buchalter | Buy | Maintains | $35.00 |
| May 13, 2024 | Jefferies | Blayne Curtis | Buy | Assumes | $37.00 |
| May 10, 2024 | Mizuho | Vijay Rakesh | Buy | Maintains | $35.00 |
| May 10, 2024 | TD Cowen | Joshua Buchalter | Buy | Maintains | $32.00 |
| May 10, 2024 | Barclays | Blayne Curtis | Overweight | Maintains | $32.00 |
| May 10, 2024 | Needham | Quinn Bolton | Buy | Maintains | $33.00 |
| Apr 16, 2024 | Evercore ISI Group | Mark Lipacis | Outperform | Initiates | $36.00 |
| Feb 2, 2024 | Wolfe Research | Chris Caso | Outperform | Upgrade | $35.00 |
| Feb 2, 2024 | Needham | Quinn Bolton | Buy | Maintains | $40.00 |
Allegro MicroSystems, Inc. (ALGM) Competitors
The following stocks are similar to Allegro MicroSystems based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Allegro MicroSystems, Inc. (ALGM) Financial Data
Allegro MicroSystems, Inc. has a market capitalization of $4.93B with a P/E ratio of 54.8x. The company generates $772.76M in trailing twelve-month revenue with a -8.5% profit margin.
Revenue growth is -30.2% quarter-over-quarter, while maintaining an operating margin of 0.0% and return on equity of -6.3%.
Valuation Metrics
Growth & Margins
Financial Health
🔥 Want More High-Potential Stock Ideas?
Join 5,000+ investors getting our research on stocks with massive upside potential.
Allegro MicroSystems, Inc. (ALGM) Business Model
About Allegro MicroSystems, Inc.
Designs and manufactures sensor integrated circuits.
Allegro MicroSystems generates revenue by designing and manufacturing sensor integrated circuits and application-specific analog power ICs. These products are sold to automotive and industrial sectors, where they enhance performance, efficiency, and safety in electronic systems.
Headquartered in Manchester, New Hampshire, Allegro operates globally and supplies components to leading manufacturers, positioning itself as a significant player in the semiconductor industry. The company emphasizes innovation and reliability, particularly in the areas of vehicle electrification and automation.
Company Information
Sector
Technology
Industry
Semiconductors
Employees
4,593
CEO
Mr. Michael C. Doogue
Country
United States
IPO Year
2020
Website
www.allegromicro.com/enAllegro MicroSystems, Inc. (ALGM) Latest News & Analysis
Allegro MicroSystems appointed Rick Madormo as Senior Vice President of Worldwide Sales, effective March 24, 2025, enhancing its leadership in semiconductor solutions.
Rick Madormo's appointment as SVP of Worldwide Sales may enhance Allegro's market positioning and revenue growth, impacting stock performance positively.
Allegro MicroSystems (ALGM) shares are trading below the buyout offer from Onsemi, following the company's rejection of the proposal.
Allegro MicroSystems' stock trading below the rejected buyout price signals market skepticism about its value, potentially impacting investor confidence and future price movements.
Onsemi plans to acquire Allegro Microsystems for $35.10 per share in an all-cash deal, enhancing its portfolio in sensor integrated circuits.
Onsemi's acquisition of Allegro Microsystems at $35.10 per share signals growth potential and strategic expansion in the sensor market, affecting investor confidence and stock valuations.
Allegro Microsystems (ALGM) shares rose after the company rejected an acquisition bid from ON Semiconductor (ON), calling the offer "inadequate."
Allegro's rejection of ON Semiconductor's bid signals confidence in its valuation, potentially enhancing shareholder value and indicating strong market positioning.
Allegro (NASDAQ: ALGM) received an unsolicited acquisition proposal from onsemi for $35.10 per share, which Allegro's Board deemed inadequate after review.
The unsolicited acquisition proposal from onsemi at $35.10 per share signals potential volatility in Allegro's stock price, influencing investor sentiment and market positioning.
Allegro MicroSystems has deemed On Semiconductor's acquisition offer of $6.9 billion as "inadequate."
Allegro MicroSystems' rejection of the acquisition offer indicates potential undervaluation, possibly affecting share prices and investor sentiment regarding both companies.
Frequently Asked Questions About ALGM Stock
What is Allegro MicroSystems, Inc.'s (ALGM) stock forecast for 2025?
Based on our analysis of 13 Wall Street analysts, Allegro MicroSystems, Inc. (ALGM) has a median price target of $30.00. The highest price target is $35.00 and the lowest is $23.00.
Is ALGM stock a good investment in 2025?
According to current analyst ratings, ALGM has 9 Buy ratings, 2 Hold ratings, and 0 Sell ratings. The stock is currently trading at $26.78. Always conduct your own research and consider your investment goals before making investment decisions.
What is the long-term price prediction for ALGM stock?
Wall Street analysts predict ALGM stock could reach $30.00 in the next 12 months. This represents a 12.0% increase from the current price of $26.78. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is Allegro MicroSystems, Inc.'s business model?
Allegro MicroSystems generates revenue by designing and manufacturing sensor integrated circuits and application-specific analog power ICs. These products are sold to automotive and industrial sectors, where they enhance performance, efficiency, and safety in electronic systems.
What is the highest forecasted price for ALGM Allegro MicroSystems, Inc.?
The highest price target for ALGM is $35.00 from Joshua Buchalter at TD Cowen, which represents a 30.7% increase from the current price of $26.78.
What is the lowest forecasted price for ALGM Allegro MicroSystems, Inc.?
The lowest price target for ALGM is $23.00 from Joseph Moore at Morgan Stanley, which represents a -14.1% decrease from the current price of $26.78.
What is the overall ALGM consensus from analysts for Allegro MicroSystems, Inc.?
The overall analyst consensus for ALGM is bullish. Out of 13 Wall Street analysts, 9 rate it as Buy, 2 as Hold, and 0 as Sell, with a median price target of $30.00.
How accurate are ALGM stock price projections?
Stock price projections, including those for Allegro MicroSystems, Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
Important Disclaimer
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
