# Allegro MicroSystems, Inc. – Consensus ‘strong_buy’ rating and 26.2% Upside Potential

- Link: https://www.directorstalkinterviews.com/allegro-microsystems-inc-consensus-strong-buy-rating-and-26-2-upside-potential/4121183905
- Published: 2025-01-17T14:03:58+00:00
- Author: Charlotte Edwards

**Allegro MicroSystems, Inc.** which can be found using ticker (ALGM) have now 13
confirmed analysts covering the stock with the consensus suggesting a rating of ‘
strong_buy’. The range between the high target price and low target price is between
$50.00 and $21.00 suggesting an average Analsyt target price of $29.52. Given that
the stocks previous close was at $23.40 this is indicating there is a potential 
upside of 26.2%. Also worth taking note is the 50 day moving average now sits at
$21.74 and the 200 day moving average is $24.87. The market cap for the company 
is 4.36B. The price for the stock stands currently at: $23.71 USD

 The potential market cap would be $5,503,733,553 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of -, revenue per share of $4.42 and
a 3.04% return on assets.

Allegro MicroSystems, Inc. is a global designer, developer, manufacturer, and marketer
of sensor integrated circuits (ICs) and application-specific analog power ICs enabling
the technologies in the automotive and industrial markets. The Company is a supplier
of magnetic sensor IC solutions. It focuses on providing IC solutions to sense, 
regulate and drive a variety of mechanical systems. This includes sensing the angular
or linear position of a shaft or actuator, driving an electric motor or actuator,
and regulating the power applied to sensing and driving circuits. Its sensor ICs
enable its customers to measure motion, speed, position and current, while its power
ICs include high-temperature and high-voltage capable motor driver, power management
and light emitting diode (LED) driver ICs. Its photonics portfolio provides eye-
safe distance measurement and three-dimensional (3D) imaging solutions. It sells
magnetic sensor ICs, power ICs and photonics in the Americas, EMEA and Asia.

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