Analyst Expectations for Allegro Microsystems's Future
Portfolio Pulse from Benzinga Insights
Over the past 3 months, 5 analysts have published their opinion on Allegro Microsystems (NASDAQ:ALGM) stock. The company has an average price target of $55.2 with a high of $60.00 and a low of $50.00. This average price target has increased by 10.4% over the past month.
July 26, 2023 | 5:01 pm
News sentiment analysis
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POSITIVE IMPACT
Allegro Microsystems has received positive analyst ratings, with an average price target of $55.2, which has increased by 10.4% over the past month.
Analyst ratings are a significant factor that can influence a stock's price. In the case of Allegro Microsystems, the positive ratings and the increase in the average price target over the past month suggest a positive outlook for the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100