Allegro

UBS Group

Allegro: UBS Maintains Buy Rating, PT Raised to $44 from $40

Allegro: Jefferies Maintains Buy Rating, Raises PT to $43 from $37.

Allegro: TD Cowen Raises Buy Rating to $45 from $38, Boosting PT.

Morgan Stanley raises Allegro's PT to $45 from $35, maintains Equal-Weight rating.

Wells Fargo

Wells Fargo Raises Allegro's Price Target to $45, Maintains Overweight Rating

Catalyst<ul> <li>Most analysts rate ALGM Buy or Strong Buy, showing broad institutional optimism.</li></ul>Risk<ul> <li>Technical indicators show that the market is in a volatile state, and the direction is not clear enough.</li> <li>Bearish signals are obviously dominant (3 bearish vs 1 bullish).</li></ul>

Key Factors

Allegro's data center sales surged 31% sequentially. Jefferies raised Allegro's price target to $43 and maintained a buy rating. UBS raised Allegro's price target to $44 and maintained a buy rating. Morgan Stanley raised Allegro's price target to $45 and maintained an equal-weight rating. Barclays raised Allegro's price target to $46 and maintained an overweight rating.

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