10.9% Above Target

ALGM's consensus price target is $52.57, -10.9% below the current price of $59. The 13 analysts tracking ALGM see downside risk at present valuations.

ALGM has a consensus rating of "Buy" based on 13 Wall Street analysts. The rating breakdown is predominantly bullish, with 13 Buy/Strong Buy ratings. The consensus 12-month price target of $52.57 implies -10.9% downside from current levels.

At a forward P/E of 111.0484x, ALGM trades at a premium valuation. The consensus price target of $52.57 (-10.9% downside) suggests analysts may view current valuations as stretched.

The most bullish Wall Street analyst has a price target of $62 for ALGM, while the most conservative target is $45. The consensus of $52.57 represents the median expectation. Our quantitative valuation model projects a bull case target of $10 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.

ALGM is moderately covered, with 13 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 13 have Buy ratings, 0 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.

The 12-month ALGM stock forecast based on 13 Wall Street analysts shows a consensus price target of $52.57, with estimates ranging from $45 (bear case) to $62 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $7, with bear/bull scenarios of $5/$10.

Our quantitative valuation model calculates ALGM's fair value at $7 (base case), with a bear case of $5 and bull case of $10. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 43/100.

ALGM trades at a forward P/E ratio of 111.0x based on next-twelve-months earnings estimates. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.

Analysts are cautious on ALGM, with 0 Sell ratings and a price target of $52.57 (-10.9% from current price). The "Buy" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.

ALGM analyst price targets range from $45 to $62, a 32% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $52.57 consensus represents the middle ground. Our model's $5-$10 range provides an independent fundamental perspective.