Mizuho Maintains Buy on Allegro Microsystems, Raises Price Target to $56
Portfolio Pulse from richadhand@benzinga.com
Mizuho analyst Vijay Rakesh maintains a 'Buy' rating on Allegro Microsystems (NASDAQ:ALGM) and raises the price target from $50 to $56.
July 20, 2023 | 3:40 pm
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POSITIVE IMPACT
Mizuho analyst maintains a 'Buy' rating on Allegro Microsystems and raises the price target from $50 to $56.
The raised price target by Mizuho analyst indicates a positive outlook for Allegro Microsystems. This could potentially attract more investors, driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100