Weekly Investment Analysts’ Ratings Updates for Allegro MicroSystems (ALGM)

A number of firms have modified their ratings and price targets on shares of Allegro MicroSystems (NASDAQ: ALGM) recently:

• 5/8/2026 – Allegro MicroSystems had its “buy” rating reaffirmed by UBS Group AG.
• 5/8/2026 – Allegro MicroSystems had its “outperform” rating reaffirmed by Evercore Inc. They now have a $53.00 price target on the stock.
• 5/8/2026 – Allegro MicroSystems had its price target raised by Barclays PLC from $46.00 to $48.00. They now have an “overweight” rating on the stock.
• 5/8/2026 – Allegro MicroSystems had its price target raised by Wells Fargo & Company from $48.00 to $56.00. They now have an “overweight” rating on the stock.
• 5/8/2026 – Allegro MicroSystems had its price target raised by Mizuho from $44.00 to $54.00. They now have an “outperform” rating on the stock.
• 5/7/2026 – Allegro MicroSystems had its “buy” rating reaffirmed by Jefferies Financial Group Inc.. They now have a $62.00 price target on the stock.
• 5/7/2026 – Allegro MicroSystems had its price target raised by Needham & Company LLC from $45.00 to $55.00. They now have a “buy” rating on the stock.
• 5/6/2026 – Allegro MicroSystems had its “sell (d-)” rating reaffirmed by Weiss Ratings.

Allegro MicroSystems, Inc (NASDAQ: ALGM) is a leading designer and manufacturer of high-performance power and sensing integrated circuits. The company focuses on semiconductor solutions that enable precise motion control, energy-efficient power management and robust sensing in a wide range of applications. Allegro’s product portfolio includes Hall-effect magnetic sensors, current and position sensing ICs, motor driver and controller devices, and power management components.

Allegro MicroSystems serves major automotive, industrial and consumer markets worldwide.