Mizuho and Needham lowered Allegro MicroSystems price targets to $35 and $33, maintaining buy ratings.
Mizuho has lowered its price target for Allegro MicroSystems (ALGM) from $45.00 to $35.00, maintaining a buy rating. Needham & Company LLC also reduced its target price from $40.00 to $33.00, assigning a buy rating. Other analysts, including Evercore ISI, Wolfe Research, and TD Cowen, have issued outperform ratings with varying price targets.
May 14, 2024
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