Research Analysts’ Recent Ratings Updates for Allegro MicroSystems (ALGM)

Several analysts have recently updated their ratings and price targets for Allegro MicroSystems (NASDAQ: ALGM):

• 6/29/2026 – Allegro MicroSystems had its price target raised by Mizuho from $54.00 to $67.00. They now have an “outperform” rating on the stock.
• 6/22/2026 – Allegro MicroSystems had its price target raised by TD Cowen from $55.00 to $70.00. They now have a “buy” rating on the stock.
• 6/21/2026 – Allegro MicroSystems was upgraded by Wall Street Zen from “hold” to “buy”.
• 6/13/2026 – Allegro MicroSystems was downgraded by Wall Street Zen from “buy” to “hold”.
• 5/8/2026 – Allegro MicroSystems had its price target raised by UBS Group AG from $52.00 to $55.00. They now have a “buy” rating on the stock.
• 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.

Insider Buying and Selling at Allegro MicroSystems

In related news, CEO Michael Doogue sold 30,089 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $47.23, for a total transaction of $1,421,103.47. Following the completion of the sale, the chief executive officer owned 252,797 shares in the company, valued at $11,939,602.31. This represents a 10.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan D. Lynch sold 16,711 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $45.46, for a total transaction of $759,682.06. Following the completion of the sale, the director owned 12,805 shares in the company, valued at approximately $582,115.30. The trade was a 56.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 68,607 shares of company stock worth $3,213,714 in the last ninety days. 0.50% of the stock is owned by insiders.

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.