Needham Reiterates Buy on Allegro Microsystems, Maintains $50 Price Target
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Quinn Bolton has reiterated a 'Buy' rating on Allegro Microsystems (NASDAQ:ALGM) and maintained a $50 price target.
August 09, 2023 | 8:20 am
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Needham analyst Quinn Bolton has reiterated a 'Buy' rating on Allegro Microsystems and maintained a $50 price target.
The reiteration of a 'Buy' rating by a Needham analyst and the maintenance of a $50 price target could potentially boost investor confidence in Allegro Microsystems, leading to a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100