{
Allegro MicroSystems, Inc.

Companies

}
Symbol ALGM
Name Allegro MicroSystems, Inc.
Currency USD
Sector Information Technology
IndustryGroup Semiconductors & Semiconductor Equipment
Industry Semiconductors & Semiconductor Equipment
Market NASDAQ Global Select
Country United States
State NH
City Manchester
Zipcode 03103-3353
Website http://www.allegromicro.com
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ubs highlights two strong buy stocks amid bullish market sentiment
UBS's chief US equity strategist, Jonathan Golub, maintains a bullish outlook on the market, adjusting year-end S&P 500 targets to 5850 and 6400, supported by anticipated rate cuts and improved financial conditions. Among the recommended stocks is Allegro MicroSystems, a fabless semiconductor company specializing in integrated circuits for automotive and industrial applications, boasting over 10,000 enterprise customers and more than 650 US patents.
Yahoo Finance
Allegro MicroSystems, Inc. USA Jonathan Golub
TradFi, Market Report
11:51 07.11.2024
ubs identifies two strong buy stocks amid bullish market outlook
UBS has identified Allegro MicroSystems and Chord Energy as two "Strong Buy" stocks amid a bullish market outlook, forecasting significant growth. Allegro, despite recent challenges in the EV market, is projected to have a 45% upside with a $30 price target, while Chord, benefiting from operational efficiency and a recent acquisition, has a 32.5% upside with a target of $168. Both companies are positioned well for future gains as the market shows strength.
SpeaksLY
UBS AG Allegro MicroSystems, Inc. Chord Energy Corporation Josh Silverstein Jonathan Golub Timothy Arcuri Show more
TradFi, Market Report
17:22 06.11.2024
ubs highlights two strong buy stocks with growth potential
UBS analysts are bullish on Allegro MicroSystems and Chord Energy, both rated as "Strong Buy." Allegro, a semiconductor firm, is poised for recovery despite recent revenue declines, while Chord, an oil and gas company, shows strong operational efficiency and significant free cash flow. Both stocks have substantial upside potential, with Allegro targeted at $30 and Chord at $168.
TipRanks Financial
Allegro MicroSystems, Inc. Chord Energy Corporation Josh Silverstein Jonathan Golub Timothy Arcuri Show more
TradFi, Market Report
11:54 06.11.2024
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