TD Cowen Maintains Buy on Allegro Microsystems, Raises Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Joshua Buchalter maintains a Buy rating on Allegro Microsystems (NASDAQ:ALGM) and raises the price target from $32 to $35.
June 13, 2024 | 4:44 pm
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TD Cowen analyst Joshua Buchalter maintains a Buy rating on Allegro Microsystems and raises the price target from $32 to $35.
The Buy rating and increased price target from a reputable analyst can boost investor confidence and potentially drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100