15-min delayed · Sep 8, 3:45 PM ET · Get real-time quotes →
The Quantellect read.Of the 11 firms covering Allegro Microsystems Inc, 10 rate it Buy or better, 1 sit at Hold, and 0 rate it Sell or worse, a strong buy consensus. Targets span $39.00 to $60.00, a moderate spread. The average target of $51.73 sits 42% above the current $36.46. The rating mix has held broadly steady over recent months. On the fundamentals, the Street sees revenue growth near 22% this year and 14% next, consensus EPS building from about $0.26 next quarter toward $1.48 the year after.Descriptive synthesis of third-party analyst data, not a Quantellect rating or recommendation.
ANALYST CONSENSUS11 ratings
Strong Buy
Strong Buy00%
Buy1091%
Hold19%
Sell00%
Strong Sell00%
Based on 11 analysts giving stock ratings to Allegro Microsystems Inc.
As of Sep, 10 of 11 firms rate ALGM a Buy (1 Hold, 0 Sell), the standing distribution of every covering firm's most recent active call.
ALGM EPS & revenue forecast
EPS · NEXT QUARTER
$0.26
Range $0.23 – $0.30 · 11 analysts · +73% YoY
Next period, 11 analysts expect Allegro Microsystems Inc to earn $0.26 a share (range $0.23 – $0.30), versus $0.15 a year earlier. Full-year consensus is $1.02, growing to $1.48 the year after.
REVENUE · NEXT QUARTER
$275.5M
Range $263.0M – $282.1M · 11 analysts · +22% YoY
Revenue is expected to reach $275.5M (range $263.0M – $282.1M), +22.0% year-over-year. Full-year consensus is $1.1B, rising to $1.3B next year.
Top analysts covering Allegro Microsystems Inc
Ranked by each analyst's overall Quantellect track record across all the stocks they cover, shown with their current call on ALGM.
#1
N. Quinn Bolton
Needham · Rank #127
Buy
$57.00+56.3% to target
Overall win rate
39%
+ Follow
#2
Joseph Moore
Morgan Stanley
Buy
$52.00+42.6% to target
Coverage
—
+ Follow
#3
Timothy Arcuri
UBS
Buy
$55.00+50.9% to target
Coverage
—
+ Follow
#4
Joshua Buchalter
TD Cowen
Buy
$48.00+31.7% to target
Coverage
—
+ Follow
#5
Joseph Quatrochi
Wells Fargo
Buy
$56.00+53.6% to target
Coverage
—
+ Follow
ALGM stock forecast FAQ
What is ALGM's average 12-month price target?+
The 11 analysts with a live target average $51.73 for Allegro Microsystems Inc over the next 12 months, ranging from a $60.00 high to a $39.00 low.
Is ALGM stock a Buy, Sell or Hold right now?+
The current consensus is Strong Buy. Of the 11 analyst ratings, 10 are Buy or Strong Buy, 1 are Hold, and 0 are Sell or Strong Sell.
What are the highest and lowest price targets for ALGM?+
The Street-high target is $60.00 (Benchmark), and the Street-low is $39.00 (B of A Securities). The average of all 11 active targets is $51.73.
How many Wall Street analysts cover ALGM?+
11 analysts have an active rating on Allegro Microsystems Inc, and 11 firms carry a live 12-month price target.
Who is the most accurate analyst covering ALGM?+
Among analysts who currently cover ALGM, N. Quinn Bolton of Needham has the strongest overall Quantellect track record (Rank #127). Their current call is Buy with a $57.00 target.
What is Allegro Microsystems Inc's projected EPS for next quarter?+
The consensus estimate is $0.26 per share (range $0.23 – $0.30) across 11 analysts. Full-year EPS is projected at $1.02, rising to $1.48 the following year.
How much revenue is Allegro Microsystems Inc expected to report next quarter?+
Consensus revenue is $275.5M (range $263.0M – $282.1M). Full-year revenue is projected at $1.1B, growing to $1.3B next year.
Have analysts been upgrading or downgrading ALGM lately?+
As of Sep, 10 of 11 firms rate ALGM a Buy (1 Hold, 0 Sell), the standing distribution of every covering firm's most recent active call.
How are the analysts on this page ranked?+
By each analyst's overall Quantellect track record — a sample-adjusted measure of how accurate their calls have been across every stock they cover. We do not rank on their ALGM calls alone, since a single stock is too small a sample to be reliable.
Which data on this page is live, and how often does it update?+
Price and daily change are 15-minute delayed market data. Analyst ratings, targets, consensus and earnings estimates are aggregated from multiple data providers and refresh daily.
Disclaimer: Ratings, price targets, consensus and earnings estimates on this page describe third-party analyst research aggregated from multiple data providers and refreshed daily; price and daily change are 15-minute delayed. These are historical opinions, not recommendations, and nothing on this page, including The Quantellect read, is a rating, a price target, or investment advice from Quantellect. Always do your own research and consult a licensed financial advisor before making investment decisions.
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