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Allegro MicroSystems (ALGM): analyst forecast and price target
Analyst consensus
Strong Buy6 Buy1 Hold0 Sell
Ratings of 7 analysts in the last 3 months12-month forecast
Based on 7 price targets given in the last 3 months, the average target is $52.43, the highest $58.00, the lowest $48.00. The average is +65.8% from the last price of $31.62.
Analyst ratings 11
| Analyst | Firm | Price target | Rating | Upside | Action | Date | Move vs SPY | |
|---|---|---|---|---|---|---|---|---|
| AI xAi SemiconductorsxAI Grok-3 | TipRanks - xAI | $38.00 → $33.00−13.2% | Hold | +4.4% | Reiterated | 16.10.26on TipRanks 03:05 | — | |
| AI DeepSeek SemiconductorsDeepSeek V3.2-Speciale | TipRanks - DeepSeek | $40.00 → $35.00−12.5% | Hold | +10.7% | Reiterated | 16.10.26on TipRanks 03:05 | — | |
| AI OpenAI SemiconductorsOpenAI 5.2 | TipRanks - OpenAI | $39.00 → $34.00−12.8% | Hold | +7.5% | Reiterated | 16.10.26on TipRanks 03:05 | — | |
| AI Anthropic SemiconductorsAnthropic Opus-4.5 | TipRanks - Anthropic | $38.00 → $33.00−13.2% | Hold | +4.4% | Reiterated | 16.10.26on TipRanks 03:05 | — | |
| AI Google SemiconductorsGemini 3-pro | TipRanks - Google | $41.00 → $36.00−12.2% | Buy | +13.9% | Upgrade | 16.10.26on TipRanks 03:05 | — | |
| AI PerPlexity SemiconductorsPerPlexity SonarPro | TipRanks - PerPlexity | $39.00 → $34.00−12.8% | Hold | +7.5% | Reiterated | 16.10.26on TipRanks 03:05 | — | |
| Srini Pajjuri★★★★★★★★★★#109 · hits 72% · avg +45.6% | RBC Capital | $50.00 | Buy | +58.1% | Initiated | 02.10.26on TipRanks 05:20 | +7.9%next day −3.4% · 5 days −11.2% | ↗ |
| Joseph Moore★★★★★★★★★★#162 · hits 62% · avg +24.5% | Morgan Stanley | $52.00 | Buy | +64.5% | Assigned | 18.09.26on TipRanks 08:25 | +2.9%next day +2.6% · 5 days +6.5% | ↗ |
| Vijay Rakesh★★★★★★★★★★#7 · hits 69% · avg +70.3% | Mizuho Securities | $58.00 | Buy | +83.4% | Reiterated | 26.08.26on TipRanks Aug 25 16:30 | −1.5%next day +1.2% · 5 days −3.7% | ↗ |
| Thomas O'Malley★★★★★★★★★★#33 · hits 62% · avg +42.1% | Barclays | $48.00 | Hold | +51.8% | Reiterated | 31.07.26on TipRanks 05:33 | −0.6%next day −1.4% · 5 days +2.0% | ↗ |
| Vivek Arya★★★★★★★★★★#155 · hits 61% · avg +25.6% | Bank of America Securities | $54.00 | Buy | +70.8% | Reiterated | 30.07.26on TipRanks Jul 31 05:33 | −3.5%next day −0.6% · 5 days −1.2% | ↗ |
| Joshua Buchalter★★★★★★★★★★#137 · hits 64% · avg +33.7% | TD Cowen | $66.00 → $48.00−27.3% | Buy | +51.8% | Reiterated | 30.07.26on TipRanks 23:17 | −0.6%next day −1.4% · 5 days +2.0% | ↗ |
| Quinn Bolton★★★★★★★★★★#18 · hits 66% · avg +53.7% | Needham | $55.00 → $57.00+3.6% | Buy | +80.3% | Reiterated | 30.07.26on TipRanks 13:50 | −3.5%next day −0.6% · 5 days −1.2% | ↗ |
| Joseph Quatrochi★★★★★★★★★★#388 · hits 64% · avg +21.8% | Wells Fargo | $60.00 → $56.00−6.7% | Buy | +77.1% | Assigned | 09.06.26on TipRanks 06:15 | −2.9%next day −2.9% · 5 days +12.5% | ↗ |
| Timothy Arcuri★★★★★★★★★★#3 · hits 77% · avg +53.0% | UBS | $52.00 → $55.00+5.8% | Buy | +73.9% | Reiterated | 08.05.26on TipRanks 10:50 | +1.3%next day −1.4% · 5 days −12.2% | ↗ |
| Mark Lipacis★★★★★★★★★★#22 · hits 70% · avg +39.9% | Evercore ISI | $49.00 → $53.00+8.2% | Buy | +67.6% | Reiterated | 08.05.26on TipRanks 08:05 | +1.3%next day −1.4% · 5 days −12.2% | ↗ |
| Blayne Curtis★★★★★★★★★★#31 · hits 65% · avg +36.1% | Jefferies | $45.00 → $62.00+37.8% | Buy | +96.1% | Reiterated | 07.05.26on TipRanks 15:50 | −6.4%next day +1.3% · 5 days −8.4% | ↗ |
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The latest rating of each analyst in the last 12 months, as TipRanks lists them. Every rating kept, earlier ones included
Best analysts covering Allegro MicroSystems
TipRanks picks them by their record on this stock; the figures under the name are their record across all their ratings.
Most accurate
Most profitable
How the average price target moved
The average target of all analysts (their ratings of the 3 months before) on each day, the top analysts’ dashed, against the price; the site keeps this record since 1 October 2026. On 02.10.26: target $52.43 at a price of $36.38 (+44.1%); now: $52.43 at $31.62 (+65.8%).
PriceAverage targetTop analysts’ target
Recommendation trend
Strong BuyBuyHoldSell
| Rating | 05.26 | 06.26 | 07.26 | 08.26 | 09.26 | 10.26 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 0 | 0 | 1 | 2 | 2 |
| Buy | 8 | 11 | 17 | 10 | 7 | 1 |
| Hold | 0 | 0 | 2 | 2 | 2 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Earnings and sales forecast
Next report: 29.10.26 (Q2 2027, date not confirmed)
Earnings per share
Next quarter’s EPS estimate — $0.24 (from $0.24 to $0.26). Last quarter: $0.23.
Sales
Next quarter’s sales estimate — $271M (from $270M to $275M). Last quarter: $259M.
Best top-analyst consensus in the sector · Technology
About Allegro MicroSystems
- CEO: Michael C. Doogue
- Employees: 4,250
- 955 Perimeter Road, Manchester, NH, 03103, US
- www.allegromicro.com/en
Allegro MicroSystems, Inc. focuses on the creation, production, and worldwide distribution of sophisticated integrated circuits (ICs). Their primary offerings consist of sensor ICs and custom-designed analog power ICs, developed mainly for motion control and energy-saving applications. The company's product line includes magnetic sensor ICs, which are crucial for measuring position, speed, and current. They also supply various power management ICs, such as motor drivers, voltage regulators, and LED drivers. Furthermore, Allegro provides photonic and 3D sensing components, encompassing photodiodes, eye-safe laser solutions, and readout ICs essential for LiDAR systems. Allegro primarily sells its components to original equipment manufacturers (OEMs) and suppliers, with a strong emphasis on the automotive and industrial industries. Their distribution network is multifaceted, utilizing a direct sales team, independent sales representatives, third-party distributors, and consignment models. With operations spanning across the globe, the company has a presence in the United States, the broader Americas, Europe, Japan, Greater China, South Korea, and various other markets in Asia. Allegro MicroSystems was established in 1990, maintains its headquarters in Manchester, New Hampshire, and operates as a subsidiary of Sanken Electric Co., Ltd.
Data from the stock’s TipRanks forecast page, read 34 min ago. It is read again as soon as a new rating appears and at least every 8 hours. TipRanks ↗