ALGM Similar Chart Price Prediction
The price of ALGM is predicted to go up -1.84%, based on the high correlation periods with SUI. The similarity of these two price pattern on the periods is 91.38%.
ALGM
SUI
Down: -1.84%Similarity: 91.38%
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ALGM Analyst's Forecast
Blayne Curtis
Barclays
Buy
2025-01-17
Price Target
$25 → $30
Upside
+21.83%
Barclays analyst Tom O'Malley raised the firm's price target on Allegro MicroSystems to $30 from $25 and keeps an Overweight rating on the shares as part of a 2025 outlook for the semiconductors and semiconductor capital equipment sector. The firm rolled out 2026 numbers and thinks 2025 will be another year defined as the artificial intelligence "have and have-nots." Barclays is more selective on its AI preferences and likes owning stocks with proprietary serializer/deserializer technology. It still struggles to get more positive on cyclical semis, analog, PC, and handset and thinks larger recoveries take longer to materialize.
