Allegro Microsystems (ALGM) Stock
Automotive chip maker focused on magnetic sensors and power. Here's the price, business snapshot, and what's worth knowing about Allegro Microsystems in October 2026.
Allegro Microsystems (ALGM) designs and manufactures analogue and mixed‑signal integrated circuits, primarily magnetic sensors and power‑management ICs used across automotive, industrial and consumer markets. The company is well‑known for components that support electric vehicle powertrains, motor control, battery management and advanced driver‑assistance systems (ADAS). With a market capitalisation around $5.75 billion, Allegro’s growth is tied to automotive production cycles and the broader electrification and automation trends that increase sensor and power semiconductor content per vehicle. Strengths include a specialised product portfolio, engineering expertise in analogue and power technologies, and established customer relationships with OEMs and tier‑one suppliers. Key risks are market cyclicality, semiconductor supply constraints, competitive pressure from larger analogue players, and pricing dynamics. This summary is educational and not personal advice; stock prices can fall as well as rise and past performance does not guarantee future results.
Allegro Microsystems (ALGM) Stock Forecast
Analyst price target, next 12 months
$43.95
+39.6% vs today's $31.48
Price range over the last 12 months
Close to its 12-month low
Analysts covering Allegro Microsystems have a consensus 12-month target of $43.95, above the current price of $31.48.
Analyst targets are opinions, not guarantees. Capital at risk. Data as of 25 Oct 2026.
Source: Analyst sentiment is provided by Refinitiv Ltd, a global leader in financial market data with over 40k business clients. Refinitiv Ltd is an independent third party to Nemo. This is not advice.
Sixth Month Growth Performance
Stock Performance Snapshot
Analyst Rating
Analysts suggest buying Allegro Microsystems' stock with a target price of $43.95, indicating growth potential.
Financial Health
Allegro Microsystems is performing well with strong revenue and cash flow, indicating solid profitability.
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Why You’ll Want to Watch This Stock
Exposure to Electrification Trends
EVs and motor electrification can increase demand for Allegro’s sensor and power products, though demand can vary with vehicle production cycles.
Automotive and Industrial Reach
A diversified end‑market mix across automotive and industrial segments helps spread risk, but growth depends on OEM spending and macro conditions.
Analog and Power Expertise
Allegro’s analogue and mixed‑signal know‑how is a competitive strength, yet competition and supply‑chain issues may pressure margins and delivery timelines.
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