ALGM Stock Price Today (October 2026) — Allegro MicroSystems, Inc. Analysis & Key Metrics 2026-10-08
Allegro MicroSystems, Inc. (ALGM) is trading at $36.27, down 2.05% today (as of October 2026). The stock continues to show early recovery signs above the short-term average, attracting attention from investors looking for Technology growth opportunities.
- According to consensus analyst estimates, the 1-year price target is $54.82 (51.1% upside).
- Volatility is high (43.08% annualized), implying wide price swings for short-term traders.
- The fundamental picture, based on the latest financial filings, is nuanced: solid revenue growth (27.50% YoY) alongside competitive pressures in the Semiconductors space.
ALGM Stock Analysis: Key Metrics & Valuation (October 2026)
Concise, actionable data for investors
Allegro MicroSystems, Inc. - Historical Price & Volume
- Price
- Volume
- Latest price
Market Cap
Enterprise Value: $6.90B
P/E Ratio
Forward P/E: 24.16
Revenue Growth
Year over Year
Analyst Target
+51.1% upside potential
Key Investor Questions About ALGM
What investors need to know before buying
Based on current market data, ALGM presents a neutral technical setup with looking solid fundamentals.
- Technicals say: Neutral (RSI 45.70)
- Fundamentals say: Looking solid (debt and growth supportive)
ALGM's growth trajectory depends on its ability to expand within the Semiconductors sector while managing margin pressures.
- Future growth will depend on performance in core Semiconductors operations.
- The ability to manage competitive pressures will be crucial for sustained growth.
The primary risks for ALGM investors include debt exposure and competitive dynamics in the Semiconductors industry.
- $304.01M in debt could be a headwind in a high-rate environment.
- Fierce competition from established players in Semiconductors.
52-Week Trading Range
Over the past year, ALGM stock traded between $22.41 and $71.77 and currently trades in the middle of that range. Big swings are likely unless a major catalyst emerges.
Volatility & Risk Profile
With 43.08% annualized volatility and β=2.77, the stock exhibits high sensitivity to market moves—making ALGM suitable for investors comfortable with active risk management.
Institutional & Insider Ownership
High institutional backing, but elevated short interest signals a potential battleground stock.
Analyst Sentiment & Price Targets
Latest News & Headlines
Recent headlines and coverage
Vishay Intertechnology, Allegro MicroSystems, Himax, Bandwidth, and AMD Stocks Trade Up, What You Need To Know
A number of stocks jumped in the afternoon session after Treasury yields retreated below 5% and oil prices declined, sparking a recovery across growth-oriented equities following the Federal Reserve's interest rate increase.
Unpacking Q2 Earnings: Allegro MicroSystems (NASDAQ:ALGM) In The Context Of Other Processors and Graphics Chips Stocks
As the Q2 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the processors and graphics chips industry, including Allegro MicroSystems (NASDAQ:ALGM) and its peers.
Allegro MicroSystems (ALGM) Could Be 33% Below Fair Value On Its Growth Narrative
Recent Price Moves Put Allegro MicroSystems In Focus Allegro MicroSystems (ALGM) has caught investor attention after a recent share price move, with the stock last closing at $36.61. The shift comes against a backdrop of mixed short term and longer term returns. That 2.95% 1 day share price gain and 2.35% 7 day share price return come after a sharper reset, with the 30 day share price return down 16.36% and the 90 day share price return down 24.03%. Even so, Allegro MicroSystems still shows a...
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Amkor, FormFactor, Vishay Intertechnology, Allegro MicroSystems, and Intel Shares Skyrocket, What You Need To Know
A number of stocks jumped in the afternoon session after Nvidia reported blowout quarterly earnings and issued an upbeat revenue forecast, easing investor fears of a slowdown in artificial intelligence infrastructure spending. Shares across the semiconductor industry surged following the chipmaker's strong second-quarter beats on both revenue and profit, alongside an upbeat revenue outlook for the upcoming third quarter. Peer chipmakers and hardware suppliers, including Broadcom, Micron Technolo
AMD, Marvell Technology, Semtech, Allegro MicroSystems, and MACOM Stocks Trade Up, What You Need To Know
A number of stocks jumped in the morning session after easing selling pressure, lower Treasury yields, and positive momentum from Asian markets boosted investor sentiment ahead of Nvidia's quarterly earnings and key inflation data.
Allegro MicroSystems (ALGM): Buy, Sell, or Hold Post Q2 Earnings?
Over the last six months, Allegro MicroSystems’s shares have sunk to $35.80, producing a disappointing 6.1% loss - a stark contrast to the S&P 500’s 10.5% gain. This might have investors contemplating their next move.
Marvell Technology, Vishay Intertechnology, and Allegro MicroSystems Shares Plummet, What You Need To Know
A number of stocks fell in the morning session after the 30-year U.S. Treasury yield hit a 19-year high and oil stayed elevated as a window for a U.S.–Iran deal closed without a breakthrough, a CNBC report revealed.
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Earnings snapshot
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Frequently Asked Questions
Common investor questions about Allegro MicroSystems, Inc.
Allegro MicroSystems, Inc. (ALGM) is currently trading at $36.27. The RSI (14-day) is at 45.7, indicating neutral territory. Wall Street analysts have a consensus "strong_buy" recommendation. The mean analyst price target of $54.82 implies 51.1% upside from current levels. Volatility is high at 43.1% annualized, meaning significant price swings are common. Investors should consider their risk tolerance, investment horizon, and portfolio diversification before making a decision.
Based on current valuation metrics for Allegro MicroSystems, Inc. (ALGM): The trailing P/E ratio is 483.57, which is above the market average, indicating investors are pricing in higher growth expectations. The forward P/E is 24.16, lower than the trailing P/E, suggesting analysts expect earnings improvement. Price-to-Book is 6.54. Price-to-Sales is 6.67. Valuation should be compared to Semiconductors industry peers for context, as different sectors trade at different multiples.
Based on 11 analysts covering ALGM, the consensus price target is $54.82. This represents a 51.1% upside from the current price of $36.27. The range spans from a low target of $48.00 to a high target of $62.00, reflecting varying levels of optimism among analysts. The consensus recommendation is "strong_buy". Note: Analyst price targets are forward-looking estimates and not guarantees of future performance.
Allegro MicroSystems, Inc. (ALGM) does not currently pay a regular dividend. The company may be reinvesting profits into growth initiatives, or may not yet be profitable enough to distribute earnings to shareholders.
Key risks for Allegro MicroSystems, Inc. (ALGM) investors include: 1. High volatility (43.1% annualized)—the stock can experience significant daily price swings. 2. Elevated short interest (10.6% of float) suggests significant bearish sentiment. 3. Broader market and macroeconomic risks (interest rates, inflation, geopolitical events). 4. Semiconductors sector-specific competitive pressures. Investors should diversify and consider their risk tolerance before investing.
Here is Allegro MicroSystems, Inc.'s (ALGM) current debt and financial health profile: Total debt stands at $304.01M. The debt-to-equity ratio is 0.31x, which is moderate and generally manageable for most companies. The current ratio is 3.70, indicating strong short-term liquidity. The quick ratio is 1.99. The company holds $162.03M in cash and equivalents. Free cash flow is positive at $103.50M, providing a cushion for debt servicing and shareholder returns.