Barclays Remains a Buy on Allegro MicroSystems (ALGM)
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Barclays analyst Thomas O’Malley has maintained a Buy rating on Allegro MicroSystems (ALGM) with a price target of $35.00, while the stock closed at $32.25. O’Malley, a 5-star analyst, has an average return of 29.2% and a 61.50% success rate. The overall analyst consensus for Allegro MicroSystems is a Strong Buy, with an average price target of $39.14, indicating a potential upside of 21.36%. Wells Fargo also holds a Buy rating with a $40.00 price target.
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