ALGM Stock Price Today (October 2026) — Allegro MicroSystems, Inc. Analysis & Key Metrics 2026-10-21
Allegro MicroSystems, Inc. (ALGM) is trading at $33.91, up 2.23% today (as of October 2026). The stock continues to show pressure below major moving averages, attracting attention from investors looking for Technology growth opportunities.
- According to consensus analyst estimates, the 1-year price target is $54.42 (60.5% upside).
- Volatility is high (49.72% 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: $6.46B
P/E Ratio
Forward P/E: 24.16
Revenue Growth
Year over Year
Analyst Target
+60.5% 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 48.73)
- 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 49.72% annualized volatility and β=2.78, 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, coverage and TickZen analysis
Market news
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Allegro MicroSystems to Announce Second Quarter Fiscal Year 2027 Financial Results
Latest TickZen Insights
All insights →No TickZen article on ALGM yet. Our newest analysis:
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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 $33.91. The RSI (14-day) is at 48.7, indicating neutral territory. Wall Street analysts have a consensus "strong_buy" recommendation. The mean analyst price target of $54.42 implies 60.5% upside from current levels. Volatility is high at 49.7% 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 12 analysts covering ALGM, the consensus price target is $54.42. This represents a 60.5% upside from the current price of $33.91. 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 (49.7% annualized)—the stock can experience significant daily price swings. 2. Elevated short interest (11.6% 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.