Allegro MicroSystems, Inc. (ALGM) shares fell 5.0% to $30.13 as of November 14, 2026, a moderate decline from the prior close of $31.71. BestStocks flagged the session as a major change for ALGM. The move is tied to price move down. Below, we break down what changed for ALGM, why it matters for investors, how the stock reacted, and the catalysts on the calendar.
What happened
ALGM fell 5.0% to $30.13
ALGM fell 5.0% in its latest session, moving from $31.71 to $30.13.
Material / EarningsLow confidence
Rel. volume
0.5×
Below Avg
Vs peers
—
No comparable peers
Market cap
$5.6B
NASDAQ Global Select
Analyst target
$55
+81.9% vs price
Price chart
Oct 14 – Nov 13
E earnings
F filing
A analyst
V/N other
click a marker to highlight
Change events — click to jump to details
What it means for Allegro MicroSystems, Inc. investors
For Allegro MicroSystems, Inc. investors, the recent signals add up to a bearish shift. On the constructive side: Positive price momentum; Positive price momentum. Weighing against that: Material negative event; Negative session, down 5.0%. Wall Street's consensus price target sits at $54.80, implying +81.9% upside from $30.13. BestStocks rates the overall signal quality low (47/100). With earnings roughly 82 days out, the next report is the most likely near-term test of the move.
ALGM price reaction
ALGM last traded at $30.13, down $1.58 (-4.98%) from the previous close of $31.71. The session traded on 0.5× average volume (below avg), so participation was unremarkable. Over the past month the stock has ranged between $26.80 and $35.37, and it currently sits about 39% of the way up that band.
Bullish and bearish analyst opinions on Allegro MicroSystems, Inc. (ALGM)
The consensus analyst price target on Allegro MicroSystems, Inc. (ALGM) is $54.80, 81.9% above the recent $30.13. Over the past 90 days analysts logged 0 upgrades, 8 maintains, and 0 downgrades. Here is how the bullish and bearish cases on ALGM line up.
▲ The bullish case
+Wall Street's consensus price target of $54.80 implies +81.9% upside from $30.13.
+The Street's most bullish target is $67.00 (+122.4%).
+Positive price momentum.
+Allegro MicroSystems, Inc. (ALGM) moved +11.48% from $51.47 to $57.38 on 2026-07-09.
▼ The bearish case
−Material negative event.
−Negative session, down 5.0%.
−Allegro MicroSystems fell 12.35% to $27.39 intraday, reversing earlier gains from a November 5 product announcement about 48V power and precision sensing solutions for advanced driver assistance systems (Globe Newswire).
−Allegro MicroSystems reported Q2 2027 earnings and revenues that beat analyst estimates (confirmed by Zacks and Globe Newswire), yet shares fell 9.57% to $31.99 intraday.
Bull vs bear balanceBearish Shift
BearishNeutralBullish
Weighing both sides, BestStocks' composite read of recent signals is bearish, as the bull-versus-bear meter above shows. This is an educational summary of the bull and bear case, not investment advice.
Analyst price targets and ratings are FMP consensus figures as of Nov 13, 2026; other aggregators may differ. High and low targets show the range of estimates, not forecasts.
Allegro MicroSystems rose 6.01% to $32.54 following strong fiscal Q2 results reported on its investor relations site. The company posted $277 million in sales (up 29% YoY) and non-GAAP EPS of $0.26, beating consensus, while data center revenue surged over 150% YoY to $46 million driven by AI infrastructure demand for its 48V power and current-sensing solutions. Design wins rose nearly 40% YoY and bookings marked an eighth consecutive quarter of growth. Volume was below average at 0.35x expected levels 220 minutes into the session.
Material / Earnings2026-11-09+9.8%
Allegro MicroSystems, Inc. (ALGM) moved +6.73% from $28.97 to $30.92 on 2026-11-09. We checked news, earnings announcements, analyst updates, SEC filings, and corporate actions — no company-specific catalyst was found. Volume remained near its 5-day average at 0.7x.
ALGM rebounded +6.08% to $28.43 following a massive 14.2% sell-off on November 5, when five Wall Street firms (UBS, Wells Fargo, Mizuho among them) simultaneously cut price targets, according to web searches. Today's move reflects bargain-hunting and institutional buying at oversold levels. Volume stood at 1.31M shares (0.53x average for this time), below typical intraday pace.
Allegro MicroSystems fell 12.35% to $27.39 intraday, reversing earlier gains from a November 5 product announcement about 48V power and precision sensing solutions for advanced driver assistance systems (Globe Newswire). The sharp pullback suggests market skepticism about near-term revenue impact or broader semiconductor/automotive sector headwinds, though volume data remains unreliable this early in the session.
News2026-11-05-14.2%
Allegro launched 48V power and precision sensing solutions targeting next-generation advanced driver assistance systems.
Material / Earnings2026-11-04-7.2%
Allegro MicroSystems, Inc. (ALGM) moved -6.72% from $33.50 to $31.25 on 2026-11-04. We checked news, earnings announcements, analyst updates, SEC filings, and corporate actions — no company-specific catalyst was found. Volume was near its 5-day average, indicating the move occurred without elevated trading activity.
Allegro MicroSystems gained 6.59% to $34.27, continuing a rally that began after the company's October 29 Q3 earnings beat. Revenue reached $276.9M (29.2% YoY growth), topping the $271.1M consensus, while adjusted EPS of $0.26 exceeded the $0.24 estimate, per Yahoo Finance and Seeking Alpha. Volume of 934K shares is running 0.48x the historical average for this time of session, indicating light turnout during the recovery.
Allegro MicroSystems fell 6.25% to $30.96 after posting Q2 results that prompted multiple analysts to cut their forecasts, according to Benzinga. The decline occurred on normal intraday volume (1.17x adjusted average) following the earnings release and related SEC 8-K filing.
In-depth ALGM event analyses
Permanent, dated analyses of ALGM's most significant sessions.
Why did Allegro MicroSystems, Inc. (ALGM) stock move?
ALGM fell 5.0% to $30.13. No single company-specific catalyst was confirmed during the move window, and it looks technical.
How much did ALGM stock fall?
ALGM lost 4.98% ($1.58) versus the prior close of $31.71, last trading at $30.13 on 0.5× average volume.
When is Allegro MicroSystems, Inc.'s next earnings date?
ALGM's next earnings report is estimated for 2027-02-04 — about 82 days away.
What is the analyst price target for ALGM?
The consensus analyst price target for ALGM is $54.80, about 81.9% above the current $30.13. Over the past 90 days, analysts recorded 0 upgrades, 8 maintains, and 0 downgrades.
How BestStocks tracks ALGM
This page is generated automatically by BestStocks' change-detection system after price move down was detected and verified against independent data sources. It draws on 20 tracked change events for ALGM, cross-checked against the data sources listed below. Price, volume, and market-capitalization figures are the live intraday quote as of November 14, 2026 and refresh as new information is detected; for companies with multiple share classes, market-cap figures can differ by data source. Analyst price targets and ratings are FMP consensus. This is an educational summary of what changed and why — not personalized investment advice.
