Allegro MicroSystems Reports Second Quarter 2023 Results

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Allegro MicroSystems (ALGM) PT Raised to $30 at Needham & Company

October 27, 2022 12:49 PM EDT

Needham & Company analyst N. Quinn Bolton raised the price target on Allegro MicroSystems (NASDAQ: ALGM) to $30.00 (from $27.00) while maintaining a Buy rating.

The analyst commented, "F2Q23 results beat the high-end of all guidance ranges. Key points: 1) all F3Q23 guidance ranges are... More