Rating Change
RBC Capital analysts initiated coverage on Allegro MicroSystems, Inc. (NASDAQ:ALGM) with a rating of Outperform on October 02, 2026.
new coverageNASDAQ:ALGM
RBC Capital Initiates Coverage on Allegro MicroSystems, Inc. (ALGM) with Outperform
RBC Capital analysts initiated coverage on Allegro MicroSystems, Inc. (NASDAQ:ALGM) with a rating of Outperform on October 02, 2026.
At publication ·
What changed
Allegro MicroSystems, Inc. (NASDAQ:ALGM) · new coverage
- Firm
- RBC Capital
- Rating
- Outperform
- Price at event
- $38.85
- Market capitalization
- $6.8B
At a glance
Key takeaways
- RBC Capital initiated coverage on Allegro MicroSystems (ALGM) with an Outperform rating on October 2, 2026, adding to the analyst consensus where 9 of the 10 most recent ratings are Buy or Outperform.
Market Context
Allegro MicroSystems, Inc. operates in the Technology sector. The stock currently trades at $38.85 with a market capitalization of $6.8B.
Analyst coverage from RBC Capital 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 |
|---|---|---|---|
| Oct 02, 2026 | RBC Capital | Outperform | N/A |
| 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 |
Related Tools: Analyst Ratings Dashboard | View ALGM Stock Page
Frequently Asked Questions
What does the Outperform rating mean for ALGM?
A rating of Outperform from RBC Capital 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.