After Allegro MicroSystems' Q2 results, analysts lowered their price targets but some still expect good performance.

Oct 30, 2026, 8:51 AM ETResultsRead the original at Benzinga

Good for ALGM

Allegro MicroSystems beat sales and profit estimates, and orders and design wins strengthened. Analysts cut price targets, but the company's results and demand signs support a positive reading.

ALGM · Allegro MicroSystems Inc

AI read · Good for ALGM

The AI's read

Stronger orders and more design wins suggest customers are placing more business with Allegro. That supports the company's stated plan to grow sales. Two analysts lowered their price targets, even as they kept positive ratings. Those cuts temper the story, but the company's sales and profit beats and stronger demand signs carry more weight.

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