Zacks Investment Research
19 May 2026, 14:55 UTC · 2d ago
Source · https://www.zacks.com/stock/news/2923362/wall-street-analysts-see-a-29-58-upside-in-allegro-microsystems-algm-can-the-stock-really-move-this-high?cid=CS-STOCKNEWSAPI-FT-tale_of_the_tape|consensus_price_target-2923362
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Wall Street analysts have a mean short-term price target of $53.58 for Allegro MicroSystems (ALGM), implying a potential upside of 29.6%. — Positive analyst consensus and a significant gap between current price and targets typically attract bullish investor interest.
+0.40There is strong agreement among analysts regarding ALGM's ability to report earnings that exceed previous predictions. — Positive earnings estimate revisions are a strong fundamental indicator of potential stock price appreciation.
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The stock has gained recently and has a strong positive consensus among analysts with a potential upside of 29.6% and positive earnings estimate revisions.
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