Allegro MicroSystems Inc. (ALGM) Social Stream
ALLEGRO MICROSYSTEMS INC (ALGM) Price Targets From Analysts
The tables below show price targets and recommendations from analysts covering ALLEGRO MICROSYSTEMS INC.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Current Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2021-10-29 | 6 | $40 | $38 | $39 | $27.09 | 43.96% |
| 2022-02-01 | 5 | $40 | $38 | $39 | $27.09 | 43.96% |
| 2022-04-20 | 5 | $44 | $38 | $39.8 | $27.09 | 46.92% |
| 2022-04-25 | 5 | $44 | $31 | $38.4 | $27.09 | 41.75% |
| 2022-05-10 | 5 | $44 | $31 | $37.2 | $27.09 | 37.32% |
| 2022-05-11 | 5 | $42 | $31 | $36.8 | $27.09 | 35.84% |
| 2022-05-25 | 6 | $42 | $30 | $35.666 | $27.09 | 31.66% |
| 2022-05-27 | 6 | $42 | $30.001 | $35.666 | $27.09 | 31.66% |
| 2022-07-28 | 6 | $42 | $26 | $33 | $27.09 | 21.82% |
| 2022-08-01 | 6 | $42 | $26 | $31.333 | $27.09 | 15.66% |
| 2022-10-13 | 6 | $42 | $25 | $30 | $27.09 | 10.74% |
| 2022-10-31 | 7 | $38 | $26 | $30.666 | $27.09 | 13.2% |
| 2023-01-09 | 7 | $38 | $26 | $31.5 | $27.09 | 16.28% |
| 2023-01-20 | 7 | $38 | $26 | $34 | $27.09 | 25.51% |
| 2023-01-23 | 7 | $38 | $30 | $35 | $27.09 | 29.2% |
| 2023-02-02 | 7 | $45 | $35 | $42 | $27.09 | 55.04% |
| 2023-03-09 | 6 | $52 | $42 | $44.833 | $27.09 | 65.5% |
| 2023-03-15 | 6 | $54 | $42 | $47.666 | $27.09 | 75.95% |
| 2023-05-11 | 6 | $54 | $42 | $48.666 | $27.09 | 79.65% |
| 2023-05-15 | 6 | $54 | $44 | $50.333 | $27.09 | 85.8% |
| 2023-07-20 | 7 | $60 | $50 | $54 | $27.09 | 99.34% |
| 2023-08-03 | 7 | $60 | $50 | $55.333 | $27.09 | 104.26% |
| 2023-09-29 | 8 | $60 | $36 | $52.571 | $27.09 | 94.06% |
| 2023-10-09 | 8 | $60 | $34 | $52.285 | $27.09 | 93% |
| 2023-10-16 | 8 | $60 | $34 | $50.571 | $27.09 | 86.68% |
| 2023-11-06 | 8 | $60 | $29 | $41.714 | $27.09 | 53.98% |
| 2023-12-15 | 8 | $60 | $33 | $42.285 | $27.09 | 56.09% |
The Trend in the Analyst Price Target
ALGM's average price target has moved up $10.95 over the prior 14 months.
ALGM reports an average of 30.39% for its upside potential over the past 47 weeks.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Share Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2023-05-15 | 6 | 54 | 44 | 50.333 | 37.93 | 32.7% |
| 2023-05-15 | 7 | 54 | 44 | 50.333 | 37.93 | 32.7% |
| 2023-07-20 | 7 | 60 | 50 | 54.000 | 49.63 | 8.81% |
| 2023-08-01 | 7 | 60 | 50 | 55.333 | 45.24 | 22.31% |
| 2023-08-03 | 8 | 60 | 50 | 55.333 | 43.13 | 28.29% |
ALGM Broker Recommendations Summary
| Average Broker Rating | Strong Buy | Buy | Hold | Sell | Strong Sell | Analysts Issuing Recs |
|---|---|---|---|---|---|---|
| 1.63 | 5 | 1 | 2 | 0 | 0 | 8 |
The Trend in the Broker Recommendations
Over the past 122 days, ALGM's average broker recommendation rating worsened by 0.19.
Use the points listed below to better contextualize what this analyst price target and recommendations data data means for investors.
- In the context of all US stocks, ALLEGRO MICROSYSTEMS INC's variance in analysts' estimates is lower than -1177.27% of them.
- In the context of Technology stocks, ALLEGRO MICROSYSTEMS INC's number of analysts covering the stock is higher than 833.71% of them.
- In the context of stocks in the mid market cap category, ALLEGRO MICROSYSTEMS INC's upside potential (average analyst target price relative to current price) is greater than 2146.22% of them.
- To contextualize these metrics, consider that out of Electronic Equipment stocks, ALLEGRO MICROSYSTEMS INC's average analyst price target is higher than 1281.68% of them.
In terms of price targets and recommendations offered by analysts, the stocks in the Electronic Equipment industry with the ratings most similar to ALLEGRO MICROSYSTEMS INC are SHLS, INFN, and NTGR.
View All Top Stocks by Price Target
What is the outlook for ALGM? Use POWR Ratings for clearer insight into price direction.