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

Analyst price target for ALGM

Based on 6 analysts offering 12 month price targets for Allegro Microsystems Inc.
Min Forecast
$32.00+5.82%
Avg Forecast
$34.67+14.64%
Max Forecast
$37.00+22.35%

Should I buy or sell ALGM stock?

Based on 6 analysts offering ratings for Allegro Microsystems Inc.
Strong Buy
Strong Buy
3 analysts 50%
Buy
3 analysts 50%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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ALGM stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-05-13
lockedlocked$00.00+00.00%2024-05-10
lockedlocked$00.00+00.00%2024-05-10
lockedlocked$00.00+00.00%2024-05-10
lockedlocked$00.00+00.00%2024-04-16
Wolfe Research
Top 1%
100
BuyUpgrades$35.00+15.74%2024-02-02

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Forecast return on equity

Is ALGM forecast to generate an efficient return?

Forecast return on assets

Is ALGM forecast to generate an efficient return on assets?

ALGM revenue forecast

What is ALGM's revenue in the next 2 years based on estimates from 1 analyst?
Avg 1 year Forecast
$796.2M-26.16%
Avg 2 year Forecast
$1.2B+11.17%
ALGM's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

ALGM revenue growth forecast

How is ALGM forecast to perform vs Semiconductors companies and vs the US market?
Company
5.44%
Industry
28.23%
Market
9.3%
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$30.24$34.67+14.64%Strong Buy
CRUS$114.62$111.67-2.58%Strong Buy
RMBS$59.30$81.67+37.72%Strong Buy
FORM$59.59$52.00-12.74%Buy
POWI$78.21$89.25+14.12%Strong Buy

Allegro Microsystems Stock Forecast FAQ

Is Allegro Microsystems Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 6 Wall Street analysts covering (NASDAQ: ALGM) stock is to Strong Buy ALGM stock.

Out of 6 analysts, 3 (50%) are recommending ALGM as a Strong Buy, 3 (50%) 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 revenue growth forecast for 2025-2026?

(NASDAQ: ALGM) Allegro Microsystems's forecast annual revenue growth rate of 5.44% is not forecast to beat the US Semiconductors industry's average forecast revenue growth rate of 28.23%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 9.3%.

Allegro Microsystems's revenue in 2024 is $1,078,231,000.On average, 1 Wall Street analysts forecast ALGM's revenue for 2025 to be $153,766,787,438, with the lowest ALGM revenue forecast at $153,766,787,438, and the highest ALGM revenue forecast at $153,766,787,438.

In 2026, ALGM is forecast to generate $231,499,934,818 in revenue, with the lowest revenue forecast at $231,499,934,818 and the highest revenue forecast at $231,499,934,818.

What is ALGM's forecast return on assets (ROA) for 2025-2026?

(NASDAQ: ALGM) forecast ROA is N/A, which is lower than the forecast US Semiconductors industry average of 0.27%.

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 $34.67, with the highest ALGM stock price forecast at $37.00 and the lowest ALGM stock price forecast at $32.00.

On average, Wall Street analysts predict that Allegro Microsystems's share price could reach $34.67 by May 13, 2025. The average Allegro Microsystems stock price prediction forecasts a potential upside of 14.64% from the current ALGM share price of $30.24.

What is ALGM's forecast return on equity (ROE) for 2025-2026?

(NASDAQ: ALGM) forecast ROE is N/A, which is considered weak.
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