Allegro MicroSystems (ALGM)
(Real Time Quote from BATS)
$20.51 USD
-0.20 (-0.97%)
Updated Oct 21, 2024 09:50 AM ET
3-Hold of 5 3
D Value C Growth F Momentum D VGM
Allegro MicroSystems, Inc. (ALGM) Price Targets
Average Price Target | Highest Price Target | Lowest Price Target | Upside to Average Price Target |
---|---|---|---|
$32.13 | $35.00 | $25.00 | 55.14% |
Price Target
Based on short-term price targets offered by eight analysts, the average price target for Allegro MicroSystems, Inc. comes to $32.13. The forecasts range from a low of $25.00 to a high of $35.00. The average price target represents an increase of 55.14% from the last closing price of $20.71.
Analyst Price Targets (8 )
Broker Rating
Allegro MicroSystems, Inc. currently has an average brokerage recommendation (ABR) of 1.13 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by eight brokerage firms. The current ABR compares to an ABR of 1.11 a month ago based on nine recommendations.
Of the eight recommendations deriving the current ABR, seven are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 87.5% and 12.5% of all recommendations. A month ago, Strong Buy made up 88.89%, while Buy represented 11.11%.
Broker Rating Breakdown
Brokerage Recommendations
Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
---|---|---|---|---|---|
Strong Buy | 7 | 8 | 8 | 7 | 7 |
Buy | 1 | 1 | 1 | 1 | 1 |
Hold | 0 | 0 | 0 | 0 | 0 |
Sell | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 |
ABR | 1.13 | 1.11 | 1.11 | 1.13 | 1.13 |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Analyst Upgrades/Downgrades
Date | Brokerage Firm | Analyst | Previous | Current |
---|---|---|---|---|
10/14/2024 | Cowen & Co. | Joshua Buchalter | Strong Buy | Strong Buy |
10/4/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
9/3/2024 | UBS | Timothy Arcuri | Not Available | Strong Buy |
8/19/2024 | Evercore Partners | Mark Lipacis | Strong Buy | Strong Buy |
8/1/2024 | Mizuho SecuritiesUSA | Vijay R Rakesh | Strong Buy | Strong Buy |
5/13/2024 | Not Identified | Not Identified | Not Available | Strong Buy |
5/10/2024 | Needham & Company | Nathaniel Q Bolton | Moderate Buy | Moderate Buy |
5/10/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Average Brokerage Rating
Current ABR | 1.13 |
ABR (Last week) | 1.11 |
# of Recs in ABR | 8 |
Average Target Price | $32.13 |
LT Growth Rate | NA |
Industry | Electronics - Semiconductors |
Industry Rank by ABR | 100 of 252 |
Current Quarter EPS Est: | 0.06 |
ALGM FAQs
Allegro MicroSystems, Inc. (ALGM) currently has an average brokerage recommendation (ABR) of 1.13 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 8 brokerage firms.
The average price target for Allegro MicroSystems, Inc. (ALGM) is $32.13. The current on short-term price targets is based on 2 reports.
The forecasts for Allegro MicroSystems, Inc. (ALGM) range from a low of $25 to a high of $35. The average price target represents a increase of $55.14 from the last closing price of $20.71.
The current UPSIDE for Allegro MicroSystems, Inc. (ALGM) is 55.14%
Based on short-term price targets offered by eight analysts, the average price target for Allegro MicroSystems, Inc. comes to $32.13. The forecasts range from a low of $25.00 to a high of $35.00. The average price target represents an increase of 55.14% from the last closing price of $20.71.