On Nov 01, major Wall Street analysts update their ratings for $Allegro Microsystems (ALGM.US)$, with price targets ranging from $25 to $30.
Barclays analyst Thomas O'Malley maintains with a buy rating, and maintains the target price at $25.
Jefferies analyst Blayne Curtis maintains with a buy rating, and adjusts the target price from $37 to $30.
TD Cowen analyst Joshua Buchalter maintains with a buy rating, and maintains the target price at $25.
Mizuho Securities analyst Vijay Rakesh maintains with a buy rating.
Needham analyst Quinn Bolton maintains with a buy rating, and adjusts the target price from $33 to $30.
Furthermore, according to the comprehensive report, the opinions of $Allegro Microsystems (ALGM.US)$'s main analysts recently are as follows:
Allegro MicroSystems reported September revenue that aligned with increased activity in the Industrial sector within China. Analysts note that extended inventory adjustments in the Automotive sector and a more restrained forecast have prompted a reduction in fiscal 2026 projections for the company, signaling caution for the wider Automotive industry. This revision is viewed as a potential low point for Allegro, and considering the stock's recent underperformance, it is suggested that investors may consider re-engaging with the company as the figures now appear substantially de-risked.
Here are the latest investment ratings and price targets for $Allegro Microsystems (ALGM.US)$ from 5 analysts:
Note:
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