Here’s What Analysts Think About Allegro MicroSystems (ALGM)
Allegro MicroSystems, Inc. (NASDAQ:ALGM) has been highlighted as a top semiconductor stock following its recent fiscal results. Analysts from Mizuho and Evercore ISI have raised their price targets for the stock, reflecting positive sentiment. The company reported significant sales growth and strong earnings, indicating robust demand in key sectors.
- ▪Allegro MicroSystems finished fiscal year 2026 with $243 million in sales, marking a fifth consecutive quarter of growth.
- ▪Mizuho raised its price target for ALGM to $54, while Evercore ISI increased its target to $53, both maintaining Outperform ratings.
- ▪The company's non-GAAP EPS more than doubled to $0.54, showcasing strong financial performance.
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Here’s What Analysts Think About Allegro MicroSystems (ALGM) Noor Ul Ain Rehman Sat, May 23, 2026 at 4:54 AM PDT 2 min read ALGM +2.80% Trade ALGM on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. Learn more Allegro MicroSystems, Inc. (NASDAQ:ALGM) is one of the top must-buy semiconductor stocks to invest in now. Allegro MicroSystems, Inc. (NASDAQ:ALGM) received several rating updates following the release of its fiscal Q4 and full-year 2026 results. Mizuho lifted the price target on Allegro MicroSystems, Inc.
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