Allegro MicroSystems Reports First Quarter Results Including Recent Records In Revenue and Profit

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Go back to Allegro MicroSystems Reports First Quarter Results Including Recent Records In Revenue and Profit

Allegro MicroSystems (ALGM) PT Raised to $40 at Mizuho Securities

July 29, 2021 1:39 PM EDT

Mizuho Securities analyst Vijay Rakesh raised the price target on Allegro MicroSystems (NASDAQ: ALGM) to $40.00 (from $38.00) while maintaining a Buy rating.

The analyst commented, "ALGM reported good JunQ rev/EPS of $188M/$0.18 (cons. $178M/$0.16) and guided to a solid SepQ topline at ~$188M... More