Allegro MicroSystems (ALGM) Surges Over 124% in Six Months

Allegro MicroSystems (NASDAQ: ALGM) has risen over 124% in the past six months, driven by strong Q4 earnings and increased data center demand. TD Cowen raised its price target from $55 to $70 with a Buy rating due to confidence in Allegro's long-term growth potential.

By Talha Qureshi Sun, June 28, 2026 at 1:13 AM GMT+3 2 min read · Yahoo Finance · June 27, 2026, 22:13 UTC

Allegro MicroSystems (ALGM) Surges Over 124% in Six Months

Tickers: $ALGM $AMBA $MXI

Topics: Allegro MicroSystems board appointment TD Cowen analyst upgrade

Read the full article at Yahoo Finance

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