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Allegro MicroSystems added to Q1 Tactical Ideas List at Wells Fargo
Yahoo Finance· 2026-01-06 13:37
Core Viewpoint - Wells Fargo analyst Joe Quatrochi has added Allegro MicroSystems (ALGM) to the firm's Q1 2026 Tactical Ideas List, indicating a positive outlook for the company [1] Group 1: Financial Performance - Wells Fargo expects positive Q4 2025 EPS, suggesting continued improvement in leading indicators as inventory and sell-through dynamics normalize [1] Group 2: Analyst Insights - The firm anticipates that Allegro's upcoming analyst day will serve as a positive catalyst for the shares, highlighting potential content gain opportunities [1] - Wells Fargo maintains an Overweight rating on Allegro MicroSystems shares with a price target of $40 [1]