Other analysts also recently issued reports about the company. Barclays increased their price objective on Allegro MicroSystems from $22.00 to $23.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Morgan Stanley increased their price target on Allegro MicroSystems from $23.00 to $25.00 and gave the company an "equal weight" rating in a research report on Monday, June 9th. Wells Fargo & Company restated an "overweight" rating and set a $33.00 price objective (up from $26.00) on shares of Allegro MicroSystems in a research note on Monday. Bank of America started coverage on shares of Allegro MicroSystems in a report on Monday. They set a "buy" rating and a $38.00 price objective on the stock. Finally, Mizuho increased their target price on shares of Allegro MicroSystems from $28.00 to $31.00 and gave the company an "outperform" rating in a report on Monday, March 24th.