On Nov 02, 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.
UBS analyst Timothy Arcuri maintains with a buy rating, and adjusts the target price from $33 to $30.
Evercore analyst Mark Lipacis maintains with a buy rating, and adjusts the target price from $35 to $29.
TD Cowen analyst Joshua Buchalter maintains with a buy rating, and maintains the target price at $25.
Furthermore, according to the comprehensive report, the opinions of $Allegro Microsystems (ALGM.US)$'s main analysts recently are as follows:
Allegro MicroSystems' September revenue aligned with the advancement of the Industrial business in China. Analysts note that extended inventory adjustment in the Automotive sector and a tempered forecast have resulted in a reduction of several hundred million from the consensus fiscal 2026 figures, signaling a cautionary note for the wider Automotive industry. This adjustment could represent a low point for Allegro, and given the stock's prior underperformance, there is a sentiment that investors may consider re-engaging with this stock as the figures appear substantially de-risked.
Here are the latest investment ratings and price targets for $Allegro Microsystems (ALGM.US)$ from 4 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
