ALGM Crosses Above Average Analyst Target
January 07, 2021 at 10:35 AM EST
In recent trading, shares of Allegro MicroSystems Inc (ALGM) have crossed above the average analyst 12-month target price of $27.67, changing hands for $28.07/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..
