Rating Change
Benchmark analysts initiated coverage on Allegro MicroSystems, Inc. (NASDAQ:ALGM) with a rating of Buy on August 13, 2026.
new coverageNASDAQ:ALGM
Benchmark Initiates Coverage on Allegro MicroSystems, Inc. (ALGM) with Buy
Benchmark analysts initiated coverage on Allegro MicroSystems, Inc. (NASDAQ:ALGM) with a rating of Buy on August 13, 2026.
At publication ·
What changed
Allegro MicroSystems, Inc. (NASDAQ:ALGM) · new coverage
- Firm
- Benchmark
- Rating
- Buy
- Price at event
- $45.30
- Market capitalization
- $6.8B
At a glance
Key takeaways
- Benchmark initiated Buy coverage on Allegro MicroSystems (ALGM) on August 13, 2026, with the stock trading at $45.30 and a market capitalization of $6.8 billion.
Market Context
Allegro MicroSystems, Inc. operates in the Technology sector. The stock currently trades at $45.30 with a market capitalization of $6.8B.
Analyst coverage from Benchmark provides professional research and price targets that many institutional investors reference when making allocation decisions. The consensus of analyst opinions — along with the range of price targets — helps frame market expectations for Allegro MicroSystems, Inc.
Analyst ratings and price targets are one input among many for investment decisions. Historical studies show that consensus analyst recommendations have mixed predictive power on their own, but significant changes in consensus — such as multiple upgrades or downgrades in a short period — can be more meaningful signals.
Recent Analyst Activity for Allegro MicroSystems, Inc.
Among the 10 most recent ratings: 9 Buy, 1 Hold, 0 Sell.
| Date | Firm | Rating | Price Target |
|---|---|---|---|
| Aug 13, 2026 | Benchmark | Buy | N/A |
| Jul 31, 2026 | TD Cowen | Buy | N/A |
| Jul 31, 2026 | Morgan Stanley | Overweight | N/A |
| Jul 31, 2026 | Mizuho | Outperform | N/A |
| Jul 30, 2026 | Needham | Buy | N/A |
Related Tools: Analyst Ratings Dashboard | View ALGM Stock Page
Frequently Asked Questions
What does the Buy rating mean for ALGM?
A rating of Buy from Benchmark reflects the analyst's outlook on Allegro MicroSystems, Inc. (NASDAQ:ALGM). Analyst ratings are one factor investors consider alongside earnings, valuation, and sector trends.
Where can I find more analyst ratings?
Browse recent upgrades and downgrades on our Analyst Ratings Dashboard or the ALGM forecast page.