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.
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.
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