Allegro MicroSystems Inc. (NASDAQ:ALGM) is one of the best lidar stocks to buy right now. On September 5, analysts at Bank of America reiterated a ‘Buy’ rating on the stock. However, they cut the price target to $38 from$45. Bank of America Asserts Allegro MicroSystem’s Inc. (ALGM) ‘Buy’ Rating, Cuts Price Target Photo by Yogesh Phuyal on Unsplash The price target cut comes amid growing concerns that the company, like other analog and automotive semiconductor companies, faces a weaker-than-expected rec ...