Demystifying Allegro Microsystems: Insights From 7 Analyst Reviews
Portfolio Pulse from Benzinga Insights
7 analysts have shared their evaluations of Allegro Microsystems (NASDAQ:ALGM) over the past three months, with a mix of bullish and somewhat bullish perspectives. The average 12-month price target is $33.86, down 7.66% from the prior average of $36.67. Analysts have adjusted their ratings and price targets in response to market conditions and company performance.
August 02, 2024 | 5:07 pm
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Analysts have a generally bullish outlook on Allegro Microsystems, with 6 out of 7 ratings being bullish. The average 12-month price target has decreased by 7.66% to $33.86, indicating a cautious optimism. Recent adjustments in ratings and price targets reflect analysts' responses to market conditions and company performance.
The majority of analysts have a bullish outlook on ALGM, with only one somewhat bullish rating. The decrease in the average price target suggests some caution, but the overall sentiment remains positive. This mixed but generally optimistic view is likely to support the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100