Allegro MicroSystems Spikes To All-Time High On 'Best Idea' Rating

BREAKING: Futures Fall After Tech-Led Gains; Bloom Energy Soars

Allegro MicroSystems (ALGM) stock surged to a record high on Monday amid a broader semiconductor stock rally. ALGM stock scored a price-target hike. Mizuho Securities analyst Vijay Rakesh reiterated his outperform rating on Allegro MicroSystems on Monday. He raised his price target on ALGM stock to 67 from 54. On the stock market today, Allegro MicroSystems shares rocketed 14.7% to…

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5/07/2026 Allegro MicroSystems beat Wall Street's targets for its fiscal fourth quarter and with its outlook for the current period.

5/07/2026 Allegro MicroSystems beat Wall Street's targets for its fiscal fourth...

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Fuente original: Yahoo Finance (https://www.investors.com/news/technology/algm-stock-allegro-microsystems-spikes-all-time-high/?src=A00220&yptr=yahoo)