Barclays Maintains Overweight on Allegro Microsystems, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Blayne Curtis maintains an Overweight rating on Allegro Microsystems (NASDAQ:ALGM) and raises the price target from $50 to $60.
July 20, 2023 | 10:15 am
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POSITIVE IMPACT
Barclays maintains an Overweight rating on Allegro Microsystems and raises the price target from $50 to $60. This could potentially lead to an increase in the stock price.
The raised price target by Barclays indicates a positive outlook for Allegro Microsystems. This could potentially lead to an increase in the stock price as investors may interpret this as a sign of strong future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100