7 Analysts Have This To Say About Allegro Microsystems
Portfolio Pulse from Benzinga Insights
In the past three months, 7 analysts have provided ratings for Allegro Microsystems (NASDAQ:ALGM), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target is $34.29, a decline of 8.32% from the previous average. Analysts have adjusted their ratings and price targets in response to market conditions and company performance.
June 13, 2024 | 5:00 pm
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Allegro Microsystems (NASDAQ:ALGM) has received mixed ratings from 7 analysts over the past three months, with a majority being bullish. The average 12-month price target has decreased by 8.32% to $34.29. Analysts have adjusted their ratings and price targets in response to market conditions and company performance.
The mixed ratings and the decrease in the average price target suggest a neutral short-term impact on ALGM's stock price. While the majority of analysts remain bullish, the lowered price targets indicate some caution.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100