Allegro Microsystems Inc
NASDAQ:ALGM

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Allegro Microsystems Inc
NASDAQ:ALGM
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Price: 21.59 USD 2.47% Market Closed
Market Cap: 4B USD
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Wall Street
Price Targets

ALGM Price Targets Summary
Allegro Microsystems Inc

Wall Street analysts forecast ALGM stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for ALGM is 27.99 USD with a low forecast of 23.23 USD and a high forecast of 31.5 USD.

Lowest
Price Target
23.23 USD
8% Upside
Average
Price Target
27.99 USD
30% Upside
Highest
Price Target
31.5 USD
46% Upside

ALGM Last Price Targets
Allegro Microsystems Inc

The latest public price target was made on Nov 12, 2024 by Gary Mobley from Loop Capital Markets , who expects ALGM stock to rise by 39% over the next 12 months. You can read more about this price target by viewing the article on StreetInsider.

Analyst Price Target Date Article
Gary Mobley
Loop Capital Markets
30 USD
Upside 39%
1 month ago
Nov 12, 2024
Loop Capital Starts Allegro MicroSystems (ALGM) at Buy
StreetInsider
Vijay Rakesh
Mizuho Securities
26 USD
Upside 20%
2 months ago
Oct 18, 2024
Allegro MicroSystems (ALGM) PT Lowered to $26 at Mizuho
StreetInsider
Timothy Arcuri
UBS
33 USD
Upside 53%
3 months ago
Sep 3, 2024
Allegro MicroSystems initiated with a Buy at UBS
TheFly
Mark Lipacis
Evercore ISI
36 USD
Upside 67%
8 months ago
Apr 15, 2024
Allegro MicroSystems initiated with an Outperform at Evercore ISI
TheFly
Gary Mobley
Loop Capital Markets
Price Target 30 USD
Upside/Downside 39%
View Source
Vijay Rakesh
Mizuho Securities
Price Target 26 USD
Upside/Downside 20%
View Source
Timothy Arcuri
UBS
Price Target 33 USD
Upside/Downside 53%
View Source
Mark Lipacis
Evercore ISI
Price Target 36 USD
Upside/Downside 67%
View Source
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Revenue
Forecast

Revenue Estimate
Allegro Microsystems Inc

For the last 4 years the compound annual growth rate for Allegro Microsystems Inc's revenue is 13%. The projected CAGR for the next 3 years is 1%.

13%
Past Growth
1%
Estimated Growth
Estimates Accuracy
-1%
Average Miss

Operating Income
Forecast

Operating Income Estimate
Allegro Microsystems Inc

For the last 4 years the compound annual growth rate for Allegro Microsystems Inc's operating income is 42%. The projected CAGR for the next 3 years is 4%.

42%
Past Growth
4%
Estimated Growth
Estimates Accuracy
-27%
Average Miss

Net Income
Forecast

Net Income Estimate
Allegro Microsystems Inc

For the last 4 years the compound annual growth rate for Allegro Microsystems Inc's net income is 43%. The projected CAGR for the next 3 years is 13%.

43%
Past Growth
13%
Estimated Growth
Estimates Accuracy
-30%
Average Miss

See Also

Discover More
Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is ALGM's stock price target?
Price Target
27.99 USD

According to Wall Street analysts, the average 1-year price target for ALGM is 27.99 USD with a low forecast of 23.23 USD and a high forecast of 31.5 USD.

What is Allegro Microsystems Inc's Revenue forecast?
Projected CAGR
1%

For the last 4 years the compound annual growth rate for Allegro Microsystems Inc's revenue is 13%. The projected CAGR for the next 3 years is 1%.

What is Allegro Microsystems Inc's Operating Income forecast?
Projected CAGR
4%

For the last 4 years the compound annual growth rate for Allegro Microsystems Inc's operating income is 42%. The projected CAGR for the next 3 years is 4%.

What is Allegro Microsystems Inc's Net Income forecast?
Projected CAGR
13%

For the last 4 years the compound annual growth rate for Allegro Microsystems Inc's net income is 43%. The projected CAGR for the next 3 years is 13%.

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