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ALGM Stock Forecast 2026-2027
$51.47
Current Price
$9.59B
Market Cap
Buy 11
Hold 0
Sell 0
Wall St Analyst Ratings
Distance to ALGM Price Targets
+36.0%
To High Target of $70.00
+6.9%
To Median Target of $55.00
-6.7%
To Low Target of $48.00
ALGM Price Momentum
-7.2%
1 Week Change
+15.6%
1 Month Change
+37.2%
1 Year Change
+95.1%
Year-to-Date Change
-28.3%
From 52W High of $71.77
+129.7%
From 52W Low of $22.41
📊 TOP ANALYST CALLS
Did ALGM Make This Month's Elite Buy List?
We don't follow just any analyst — only the top 3% with a proven track record make our cut. See if Allegro MicroSystems is one of their latest high-conviction picks.
Latest ALGM Stock Price Targets & Analyst Predictions
Based on our analysis of 5 Wall Street analysts, ALGM has a bullish consensus with a median price target of $55.00 (ranging from $48.00 to $70.00). The overall analyst rating is Strong Buy (9.5/10). Currently trading at $51.47, the median forecast implies a 6.9% upside. This outlook is supported by 11 Buy, 0 Hold, and 0 Sell ratings.
The most optimistic forecast comes from Joshua Buchalter at TD Cowen, projecting a 36.0% upside.
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
11
Buy
0
Hold
0
Sell
ALGM Price Target Range
Low
$48.00
Average
$55.00
High
$70.00
Current: $51.47
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 |
|---|---|---|---|---|---|
| Jun 29, 2026 | Mizuho | Vijay Rakesh | Outperform | Maintains | $67.00 |
| Jun 22, 2026 | TD Cowen | Joshua Buchalter | Buy | Maintains | $70.00 |
| May 8, 2026 | UBS | Buy | Maintains | $N/A | |
| May 8, 2026 | Barclays | Overweight | Maintains | $N/A | |
| May 8, 2026 | Wells Fargo | Overweight | Maintains | $N/A | |
| May 8, 2026 | Evercore ISI Group | Outperform | Maintains | $N/A | |
| May 8, 2026 | Mizuho | Outperform | Maintains | $N/A | |
| May 7, 2026 | Needham | Buy | Maintains | $N/A | |
| Feb 19, 2026 | Needham | Buy | Maintains | $N/A | |
| Feb 13, 2026 | Morgan Stanley | Overweight | Upgrade | $N/A | |
| Feb 11, 2026 | Wells Fargo | Overweight | Maintains | $N/A | |
| Jan 30, 2026 | Jefferies | Buy | Maintains | $N/A | |
| Jan 30, 2026 | UBS | Buy | Maintains | $N/A | |
| Jan 30, 2026 | TD Cowen | Buy | Maintains | $N/A | |
| Jan 30, 2026 | Morgan Stanley | Equal-Weight | Maintains | $N/A | |
| Jan 30, 2026 | Wells Fargo | Overweight | Maintains | $N/A | |
| Jan 30, 2026 | Barclays | Overweight | Maintains | $N/A | |
| Jan 30, 2026 | Needham | Buy | Maintains | $N/A | |
| Jan 21, 2026 | B of A Securities | Buy | Maintains | $N/A | |
| Oct 31, 2025 | TD Cowen | Buy | Maintains | $N/A |
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.
ALGM
Allegro MicroSystems
mkt cap
10.34B
Allegro MicroSystems Inc (ALGM) Financial Data
Allegro MicroSystems Inc has a market capitalization of $9.59B with a P/E ratio of 54.8x. The company generates $890.10M in trailing twelve-month revenue with a -1.7% profit margin.
Revenue growth is +26.1% quarter-over-quarter, while maintaining an operating margin of +10.4% and return on equity of -1.6%.
Valuation Metrics
Market Cap
$9.59B
Enterprise Value
$10.67B
P/E Ratio
54.8x
PEG Ratio
4.4x
Price/Sales
11.8x
Growth & Margins
Revenue Growth (YoY)
+26.1%
Gross Margin
+47.0%
Operating Margin
+10.4%
Net Margin
-1.7%
EPS Growth
+26.1%
Financial Health
Cash/Price Ratio
+1.8%
Current Ratio
3.5x
Debt/Equity
32.0x
ROE
-1.6%
ROA
+1.7%
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Allegro MicroSystems Inc (ALGM) Business Model
About Allegro MicroSystems Inc
What They Do
Fabless semiconductor company for power and sensing.
Business Model
The company designs and markets integrated circuits (ICs) that facilitate precise motion control and energy efficiency. It generates revenue primarily by providing sensor ICs and application-specific analog power ICs to automotive and industrial markets, particularly for electric vehicles, advanced driver-assistance systems, and factory automation.
Additional Information
Founded in 1990 and headquartered in Manchester, New Hampshire, Allegro MicroSystems operates on a global scale and offers a diverse portfolio of products, including magnetic sensor ICs and power management solutions. This positions the company to benefit from the growing demand for energy-efficient systems and advanced automation technologies.
Company Information
Sector
Technology
Industry
Semiconductors
Employees
4,250
CEO
Mr. Michael C. Doogue
Country
United States
IPO Year
2020
Website
www.allegromicro.comAllegro MicroSystems Inc (ALGM) Latest News & Analysis
Featured Analysis
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Zacks Investment Research
Is Analog Devices (ADI) Outperforming Other Computer and Technology Stocks This Year?
Here is how Analog Devices (ADI) and Allegro MicroSystems, Inc. (ALGM) have performed compared to their sector so far this year.
Jul 01, 2026
By Zacks Equity Research
Tale of the Tape
Latest News
Quick Summary
Allegro MicroSystems, Inc. (Nasdaq: ALGM) will release its Q1 fiscal 2027 financial results on July 30, 2026, before market open.
Why It Matters
Allegro MicroSystems' upcoming financial results could impact stock performance and investor sentiment, influencing trading strategies and market expectations.
Source: GlobeNewsWire
Market Sentiment:
Neutral
Quick Summary
Allegro MicroSystems is poised for multiyear growth in automotive, data centers, and robotics. Key drivers include increased vehicle content and 800-VDC transitions. Improved balance sheet supports M&A and share buybacks.
Why It Matters
Allegro MicroSystems' growth in key markets and improved balance sheet suggest long-term value, but current share prices may already incorporate much of the potential upside.
Source: Seeking Alpha
Market Sentiment:
Positive
Quick Summary
The A81415 single-chip technology enhances brake-by-wire design by integrating sensing capabilities and ASIL-D safety PMIC architecture, reducing component count by up to nine.
Why It Matters
The A81415 chip enhances efficiency in brake-by-wire systems, potentially lowering production costs and increasing market competitiveness for manufacturers, impacting stock valuations positively.
Source: GlobeNewsWire
Market Sentiment:
Neutral
Quick Summary
Allegro MicroSystems stock hit a record high, driven by a broader semiconductor rally, and received an increase in its price target.
Why It Matters
Allegro MicroSystems' record stock surge and price-target hike signal strong investor confidence and growth potential, reflecting positive trends in the semiconductor sector.
Source: Investors Business Daily
Market Sentiment:
Positive
Quick Summary
Allegro MicroSystems (ALGM) saw a share price increase with above-average trading volume, but earnings estimate revisions indicate potential weakness ahead.
Why It Matters
Allegro MicroSystems' share price surge on high volume signals investor interest, but stagnant earnings estimates could indicate potential weakness ahead, affecting future performance.
Source: Zacks Investment Research
Market Sentiment:
Positive
Quick Summary
Allegro MicroSystems appointed Brian C. White as an independent director on June 17, 2026.
Why It Matters
Brian C. White's appointment to Allegro's Board may enhance governance and strategic direction, potentially affecting investor confidence and stock performance.
Source: GlobeNewsWire
Market Sentiment:
Neutral
Frequently Asked Questions About ALGM Stock
What is Allegro MicroSystems Inc's (ALGM) stock forecast for 2027?
Based on our analysis of 5 Wall Street analysts, Allegro MicroSystems Inc (ALGM) has a median price target of $55.00. The highest price target is $70.00 and the lowest is $48.00.
Is ALGM stock a good investment in 2027?
According to current analyst ratings, ALGM has 11 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $51.47. 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 $55.00 in the next 12 months. This represents a 6.9% increase from the current price of $51.47. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is Allegro MicroSystems Inc's business model?
The company designs and markets integrated circuits (ICs) that facilitate precise motion control and energy efficiency. It generates revenue primarily by providing sensor ICs and application-specific analog power ICs to automotive and industrial markets, particularly for electric vehicles, advanced driver-assistance systems, and factory automation.
What is the highest forecasted price for ALGM Allegro MicroSystems Inc?
The highest price target for ALGM is $70.00 from Joshua Buchalter at TD Cowen, which represents a 36.0% increase from the current price of $51.47.
What is the lowest forecasted price for ALGM Allegro MicroSystems Inc?
The lowest price target for ALGM is $48.00 from at , which represents a -6.7% decrease from the current price of $51.47.
What is the overall ALGM consensus from analysts for Allegro MicroSystems Inc?
The overall analyst consensus for ALGM is bullish. Out of 5 Wall Street analysts, 11 rate it as Buy, 0 as Hold, and 0 as Sell, with a median price target of $55.00.
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.
Last updated: July 10, 2026 12:36 AM UTC