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NASDAQ: ALGM
ALLEGRO MICROSYSTEMS INC Stock Forecast, Predictions & Price Target

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OverviewForecast
EarningsDividendOwnership

Analyst price target for ALGM

Based on 6 analysts offering 12 month price targets for ALLEGRO MICROSYSTEMS INC.
Min Forecast
$30.00+39.99%
Avg Forecast
$35.33+64.88%
Max Forecast
$42.00+95.99%

Should I buy or sell ALGM stock?

Based on 7 analysts offering ratings for ALLEGRO MICROSYSTEMS INC.
Strong Buy
Strong Buy
3 analysts 42.86%
Buy
4 analysts 57.14%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

ALGM stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Cowen & Co.
Bottom 30%
30
BuyInitiates Coverage On$30.00+39.99%2022-05-25
Mizuho
Top 7%
94
Strong BuyMaintains$42.00+95.99%2022-05-11
Needham
Top 1%
100
BuyMaintains$31.00+44.66%2022-05-11
Barclays
Top 26%
75
Strong BuyMaintains$31.00+44.66%2022-04-25
Credit Suisse
Top 24%
77
BuyMaintains$40.00+86.65%2021-10-29
Wells Fargo
Top 33%
68
Strong BuyMaintains$38.00+77.32%2021-09-21
William Blair
Top 25%
76
BuyInitiates Coverage OnN/AN/A2021-06-30

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Forecast return on equity

Is ALGM forecast to generate an efficient return?
Company
26.72%
Industry
45.88%
Market
39.12%
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
21.98%
Industry
21.07%
ALGM is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

ALGM earnings per share forecast

What is ALGM's earnings per share in the next 2 years based on estimates from 3 analysts?
Avg 1 year Forecast
$0.88+39.68%
Avg 2 year Forecast
$1.03+63.49%
ALGM's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

ALGM revenue forecast

What is ALGM's revenue in the next 2 years based on estimates from 2 analysts?
Avg 1 year Forecast
$897.6M+16.77%
Avg 2 year Forecast
$1.0B+32.77%
ALGM's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

ALGM earnings growth forecast

How is ALGM forecast to perform vs Semiconductors companies and vs the US market?
Company
27.86%
Industry
17.16%
Market
16.08%
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
15.23%
Industry
10.99%
Market
8.42%
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$21.43$35.33+64.88%Strong Buy
CRUS$72.64$100.40+38.22%Buy
AMKR$17.29$27.00+56.16%Hold
SITM$185.50$280.00+50.94%Strong Buy
POWI$76.01$106.33+39.89%Strong Buy
View Top Semiconductor Stocks

ALLEGRO MICROSYSTEMS Stock Forecast FAQ

Is ALLEGRO MICROSYSTEMS Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 7 Wall Street analysts covering (NASDAQ: ALGM) stock is to Strong Buy ALGM stock.

Out of 7 analysts, 3 (42.86%) are recommending ALGM as a Strong Buy, 4 (57.14%) 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.

What is ALGM's earnings growth forecast for 2023-2024?

(NASDAQ: ALGM) ALLEGRO MICROSYSTEMS's forecast annual earnings growth rate of 27.86% is forecast to beat the US Semiconductors industry's average forecast earnings growth rate of 17.16%, and and it is also forecast to beat the US market's average forecast earnings growth rate of 16.08%.

ALLEGRO MICROSYSTEMS's earnings in 2022 is $119,407,000.On average, 3 Wall Street analysts forecast ALGM's earnings for 2023 to be $167,640,554, with the lowest ALGM earnings forecast at $167,640,554, and the highest ALGM earnings forecast at $167,640,554.

In 2024, ALGM is forecast to generate $196,215,649 in earnings, with the lowest earnings forecast at $196,215,649 and the highest earnings forecast at $196,215,649.

What is ALGM's revenue growth forecast for 2023-2024?

(NASDAQ: ALGM) ALLEGRO MICROSYSTEMS's forecast annual revenue growth rate of 15.23% is forecast to beat the US Semiconductors industry's average forecast revenue growth rate of 10.99%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 8.42%.

ALLEGRO MICROSYSTEMS's revenue in 2022 is $768,674,000.On average, 2 Wall Street analysts forecast ALGM's revenue for 2023 to be $170,993,365,488, with the lowest ALGM revenue forecast at $169,526,510,637, and the highest ALGM revenue forecast at $172,460,220,339.

In 2024, ALGM is forecast to generate $194,424,942,978 in revenue, with the lowest revenue forecast at $194,424,942,978 and the highest revenue forecast at $194,424,942,978.

What is ALGM's forecast return on assets (ROA) for 2023-2024?

(NASDAQ: ALGM) forecast ROA is 21.98%, which is higher than the forecast US Semiconductors industry average of 21.07%.

What is ALGM's Price Target?

According to 6 Wall Street analysts that have issued a 1 year ALGM price target, the average ALGM price target is $35.33, with the highest ALGM stock price forecast at $42.00 and the lowest ALGM stock price forecast at $30.00.

On average, Wall Street analysts predict that ALLEGRO MICROSYSTEMS's share price could reach $35.33 by May 25, 2023. The average ALLEGRO MICROSYSTEMS stock price prediction forecasts a potential upside of 64.88% from the current ALGM share price of $21.43.

What is ALGM's Earnings Per Share (EPS) forecast for 2023-2024?

(NASDAQ: ALGM) ALLEGRO MICROSYSTEMS's current Earnings Per Share (EPS) is $0.63. On average, analysts forecast that ALGM's EPS will be $0.88 for 2023, with the lowest EPS forecast at $0.88, and the highest EPS forecast at $0.88. In 2024, ALGM's EPS is forecast to hit $1.03 (min: $1.03, max: $1.03).

What is ALGM's forecast return on equity (ROE) for 2023-2024?

(NASDAQ: ALGM) forecast ROE is 26.72%, which is considered strong.
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