What 6 Analyst Ratings Have To Say About Allegro Microsystems
Portfolio Pulse from Benzinga Insights
In the last quarter, Allegro Microsystems (NASDAQ:ALGM) received 6 analyst ratings, with 3 being bullish, 2 somewhat bullish, and 1 indifferent. The company's average 12-month price target is $52.0, an increase of 2.62% from the previous average of $50.67.
September 29, 2023 | 6:00 pm
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POSITIVE IMPACT
Allegro Microsystems received mostly positive analyst ratings in the last quarter, which could boost investor confidence and potentially drive the stock price up.
Analyst ratings often influence investor sentiment and can impact a company's stock price. In the case of Allegro Microsystems, the majority of the ratings were bullish or somewhat bullish, which indicates a positive outlook for the company. This could lead to increased investor confidence and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100