Allegro MicroSystems price target raised to $39 from $36 at BofA

BofA expert Vivek Arya raised the firm’s price target connected Allegro MicroSystems (ALGM) to $39 from $36 and keeps a Buy standing connected the shares. The steadfast raised terms targets for astir of its diversified analog semi banal coverage, noting that it expects humble calendar Q4 beats and Q1 raises crossed the committee led by concern semis fixed ongoing rebounds crossed astir subsegments, favorable pricing, and robust maturation successful strategical AI businesses.

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