‘Load Up,' Says UBS About These 2 ‘Strong Buy' Stocks [Yahoo! Finance]
Allegro MicroSystems, Inc. (ALGM)
Company Research
Source: Yahoo! Finance
And it would seem that Wall Street's institutions are in agreement. Watching the situation from UBS, chief US equity strategist Jonathan Golub has set out his own agreement with the bullish view. Golub explains where the market is finding support, and goes on to lay out where markets are likely to go. “Rate cuts should lower interest expense and default risk, adding to both EPS and valuations. Financial conditions point to less stress/more liquidity, a positive for valuations,” Golub said. “We are adjusting our year-end 2024-25 S&P 500 targets to 5850 and 6400, from 5600 and 6000… These forecasts are based on EPS estimates of $240, $257, and $275 for 2024-26, implying 9.1%, 7.1% and 7.0% growth.” Against this backdrop, UBS analysts have issued recommendations on 2 stocks, highlighting each based on its strong growth prospects. According to TipRanks , both stocks also boast substantial support from the Street with a “Strong Buy” analyst consensus. Here are the details, and the bank
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ALGM
News
- Allegro MicroSystems, Inc. (NASDAQ: ALGM) is now covered by analysts at Loop Capital. They set a "buy" rating and a $30.00 price target on the stock.MarketBeat
- Allegro MicroSystems Introduces Advanced Magnetic and Inductive Position Sensing Solutions at Electronica 2024GlobeNewswire
- Allegro MicroSystems, Inc. (NASDAQ: ALGM) is now covered by analysts at Morgan Stanley. They set an "equal weight" rating and a $21.00 price target on the stock.MarketBeat
- Allegro MicroSystems Unveils Innovative Power Products for a More Energy Efficient FutureGlobeNewswire
- Allegro MicroSystems, Inc. (NASDAQ:ALGM) Just Released Its Second-Quarter Results And Analysts Are Updating Their Estimates [Yahoo! Finance]Yahoo! Finance
ALGM
Earnings
- 10/31/24 - Beat
ALGM
Sec Filings
- 11/12/24 - Form SC
- 11/12/24 - Form SC
- 11/8/24 - Form SC
- ALGM's page on the SEC website