Evercore ISI Raises Price Target for Allegro MicroSystems Following Earnings

Following strong Q4 and fiscal year earnings, Evercore ISI raised its price target on Allegro MicroSystems (ALGM) to $53 from $49 while maintaining an Outperform rating. The company reported a 23% sales increase in FY2026 with non-GAAP EPS more than doubling.

By Noor Ul Ain Rehman Wed, May 20, 2026 at 11:41 PM GMT+3 2 min read · Yahoo Finance · May 20, 2026, 20:41 UTC

Evercore ISI Raises Price Target for Allegro MicroSystems Following Earnings

Tickers: $ALAB $ALGM

Topics: Earnings Semiconductors Stock Analysis

Read the full article at Yahoo Finance

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