# Allegro MicroSystems, Inc. – Consensus ‘buy’ rating and 94.8% Upside Potential

- Link: https://www.directorstalkinterviews.com/allegro-microsystems-inc.consensus-buy-rating-and-94.8-upside-potential/4121131684
- Published: 2023-11-01T14:13:26+00:00
- Author: Charlotte Edwards

**Allegro MicroSystems, Inc.** which can be found using ticker (ALGM) now have 7
confirmed analysts covering the stock with the consensus suggesting a rating of ‘
buy’. The target price High/Low ranges between $60.00 and $34.00 calculating the
mean target price we have $50.57. Given that the stocks previous close was at $25.96
and the analysts are correct then there would likely be a percentage uptick in value
of 94.8%. There is a 50 day moving average of $32.54 and the 200 day MA is $39.80.
The total market capitalization for the company now stands at 4.96B. The stock price
is currently at: $25.76 USD

 The potential market cap would be $9,653,505,248 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 20.94, revenue per share of $5.40
and a 14.84% 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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