Wall Street Analysts See a 33.9% Upside in Allegro MicroSystems (ALGM): Can the Stock Really Move This High?

Allegro MicroSystems, Inc. (ALGM) closed the last trading session at $28.94, gaining 2.6% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of$ 38.75 indicates a 33.9% upside potential.The average comprises 12 short-term price targets ranging from a low of $35.00 to a high of$ 49.00, with a standard deviation of $4.14. While the lowest estimate indicates an increase of 20.9% from the cu ...