Rating Change
Wells Fargo reiterated its Overweight rating on Allegro MicroSystems, Inc. (NASDAQ:ALGM) on October 20, 2026.
reiterateNASDAQ:ALGM
Wells Fargo Reiterates Overweight Rating on Allegro MicroSystems, Inc. (ALGM)
Wells Fargo reiterated its Overweight rating on Allegro MicroSystems, Inc. (NASDAQ:ALGM) on October 20, 2026.
At publication ·
What changed
Allegro MicroSystems, Inc. (NASDAQ:ALGM) · reiterate
- Firm
- Wells Fargo
- Rating
- Overweight to Overweight
- Price at event
- $33.91
- Market capitalization
- $6.8B
At a glance
Key takeaways
- Wells Fargo reiterated an Overweight rating on Allegro MicroSystems (ALGM) on October 20, 2026, with the stock trading at $33.91.
Market Context
Allegro MicroSystems, Inc. operates in the Technology sector. The stock currently trades at $33.91 with a market capitalization of $6.8B. The stock has gained 16.7% over the past 52 weeks.
Analyst coverage from Wells Fargo 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 20, 2026 | Wells Fargo | Overweight | N/A |
| Oct 19, 2026 | TD Cowen | Buy | N/A |
| Oct 02, 2026 | RBC Capital | Outperform | N/A |
| Aug 13, 2026 | Benchmark | Buy | N/A |
| Jul 31, 2026 | TD Cowen | Buy | N/A |
Related Tools: Analyst Ratings Dashboard | View ALGM Stock Page
Frequently Asked Questions
What does the Overweight rating mean for ALGM?
A rating of Overweight from Wells Fargo 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.