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NASDAQ: ALGM
Allegro Microsystems Inc Stock Forecast, Predictions & Price Target

OverviewForecast
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Analyst price target for ALGM

Based on 5 analysts offering 12 month price targets for Allegro Microsystems Inc.
Min Forecast
$35.00-11.37%
Avg Forecast
$45.80+15.98%
Max Forecast
$50.00+26.61%

Should I buy or sell ALGM stock?

Based on 5 analysts offering ratings for Allegro Microsystems Inc.
Strong Buy
Strong Buy
3 analysts 60%
Buy
2 analysts 40%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Be the first to know when Wall Street analysts revise their ALGM stock forecasts and price targets.

ALGM stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Mizuho
Top 1%
100
Strong BuyMaintains$50.00+26.61%2023-05-12
Needham
Top 1%
100
BuyReiterates$50.00+26.61%2023-05-12
Barclays
Top 6%
95
Strong BuyMaintains$50.00+26.61%2023-03-15Find out why
Cowen & Co.
Top 30%
71
BuyMaintains$44.00+11.42%2023-02-01
Wells Fargo
Top 9%
92
Strong BuyMaintains$35.00-11.37%2023-01-09

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Forecast return on equity

Is ALGM forecast to generate an efficient return?
Company
20.85%
Industry
39.54%
Market
13.81%
ALGM's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is ALGM forecast to generate an efficient return on assets?
Company
17.05%
Industry
19.29%
ALGM is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

ALGM earnings growth forecast

How is ALGM forecast to perform vs Semiconductors companies and vs the US market?
Company
7.14%
Industry
207.18%
Market
112.33%
ALGM's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
ALGM's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
ALGM's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

ALGM revenue growth forecast

How is ALGM forecast to perform vs Semiconductors companies and vs the US market?
Company
5.16%
Industry
14.57%
Market
16.94%
ALGM's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
ALGM's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

ALGM vs Semiconductor Stocks

TickerPricePrice TargetUp/downsideConsensus
ALGM$39.49$45.80+15.98%Strong Buy
RMBS$66.07$60.00-9.19%Strong Buy
ASX$7.84N/AN/A
AMKR$25.11$32.00+27.44%Strong Buy
WOLF$48.85$72.36+48.14%Buy
View Top Semiconductor Stocks

Allegro Microsystems Stock Forecast FAQ

Is Allegro Microsystems Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 5 Wall Street analysts covering (NASDAQ: ALGM) stock is to Strong Buy ALGM stock.

Out of 5 analysts, 3 (60%) are recommending ALGM as a Strong Buy, 2 (40%) are recommending ALGM as a Buy, 0 (0%) are recommending ALGM as a Hold, 0 (0%) are recommending ALGM as a Sell, and 0 (0%) are recommending ALGM as a Strong Sell.

If you're new to stock investing, here's how to buy Allegro Microsystems stock.

What is ALGM's forecast return on equity (ROE) for 2024-2024?

(NASDAQ: ALGM) forecast ROE is 20.85%, which is considered strong.

What is ALGM's Price Target?

According to 5 Wall Street analysts that have issued a 1 year ALGM price target, the average ALGM price target is $45.80, with the highest ALGM stock price forecast at $50.00 and the lowest ALGM stock price forecast at $35.00.

On average, Wall Street analysts predict that Allegro Microsystems's share price could reach $45.80 by May 12, 2024. The average Allegro Microsystems stock price prediction forecasts a potential upside of 15.98% from the current ALGM share price of $39.49.

What is ALGM's forecast return on assets (ROA) for 2024-2024?

(NASDAQ: ALGM) forecast ROA is 17.05%, which is lower than the forecast US Semiconductors industry average of 19.29%.
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