Needham Reiterates Buy on Allegro Microsystems, Maintains $33 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Quinn Bolton reiterates a Buy rating on Allegro Microsystems (NASDAQ:ALGM) and maintains a $33 price target.
August 02, 2024 | 11:04 am
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Needham analyst Quinn Bolton reiterates a Buy rating on Allegro Microsystems and maintains a $33 price target.
The reiteration of a Buy rating and the maintenance of a $33 price target by a reputable analyst can positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100