Is It Worth Investing in Allegro MicroSystems (ALGM) Based on Wall Street's Bullish Views? [Yahoo! Finance]
Allegro MicroSystems, Inc. (ALGM)
Company Research
Source: Yahoo! Finance
Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Let's take a look at what these Wall Street heavyweights have to say about Allegro MicroSystems, Inc. (ALGM) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Allegro MicroSystems currently has an average brokerage recommendation (ABR) of 1.14, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by seven brokerage firms. An ABR of 1.14 approximates between Strong Buy and Buy. Of the seven recommendations that derive the current ABR, six are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 85.7% and 14.3% of all recommendations. Check price target & stock forecast for Allegro MicroSystems here While the ABR calls for buying Allegro MicroSystems, it may not be wise to make an
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ALGM
News
- Allegro MicroSystems Stock: I Am Still Cautious [Seeking Alpha]Seeking Alpha
- Allegro MicroSystems to Announce Fourth Quarter and Fiscal Year 2024 Financial ResultsGlobeNewswire
- Allegro MicroSystems, Inc. (NASDAQ: ALGM) is now covered by analysts at Evercore ISI. They set an "outperform" rating and a $36.00 price target on the stock.MarketBeat
- There's Been No Shortage Of Growth Recently For Allegro MicroSystems' (NASDAQ:ALGM) Returns On Capital [Yahoo! Finance]Yahoo! Finance
- Allegro MicroSystems Appoints Jennie Raubacher to its Board of DirectorsGlobeNewswire
ALGM
Earnings
- 2/1/24 - Beat
ALGM
Sec Filings
- 4/25/24 - Form 8-K
- 4/3/24 - Form 4
- 4/3/24 - Form 3
- ALGM's page on the SEC website