Here’s What Analysts Think About Allegro MicroSystems (ALGM)

18 hours ago 2

Noor Ul Ain Rehman

Sat, May 23, 2026 astatine 6:54 AM CDT 2 min read

Allegro MicroSystems, Inc. (NASDAQ:ALGM) is 1 of the apical must-buy semiconductor stocks to put successful now. Allegro MicroSystems, Inc. (NASDAQ:ALGM) received respective standing updates pursuing the merchandise of its fiscal Q4 and full-year 2026 results. Mizuho lifted the terms people connected Allegro MicroSystems, Inc. (NASDAQ:ALGM) to $54 from $44 connected May 8, maintaining an Outperform standing connected the shares. The aforesaid day, Evercore ISI besides lifted the terms people connected the banal to $53 from $49 and reiterated an Outperform standing connected the shares.

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The institution finished fiscal twelvemonth 2026 with coagulated momentum, delivering a 5th consecutive 4th of income maturation astatine $243 million. Management reported that on-GAAP EPS astir tripled year-over-year to $0.17, portion income for the afloat twelvemonth grew 23% to $890 cardinal and non-GAAP EPS much than doubled to $0.54.

Mike Doogue, President and CEO of Allegro MicroSystems, Inc. (NASDAQ:ALGM) stated that the results amusement spot successful Focus Auto sales, including xEV and ADAS, and Data Center, which reached a grounds 14% of full Q4 sales, adding that the institution is seeing request trends supporting continued maturation arsenic it enters fiscal 2027.

Allegro MicroSystems, Inc. (NASDAQ:ALGM) develops and manufactures sensor integrated circuits and application-specific analog powerfulness ICs.

While we admit the imaginable of ALGM arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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