Allegro MicroSystems Reports First Quarter 2026 Results

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Allegro MicroSystems (ALGM) PT Raised to $37 at Needham

July 31, 2025 3:22 PM EDT

Needham analyst N. Quinn Bolton raised the price target on Allegro MicroSystems (NASDAQ: ALGM) to $37.00 (from $25.00) while maintaining a Buy rating.

The analyst commented, "Allegro reported a slight revenue and EPS beat drivne by growth in Automotive and Industrial. Our key takeaways include:... More