These Analysts Revise Their Forecasts On Allegro MicroSystems After Q4 Results
1. ALGM exceeded Q4 earnings expectations, reporting 6 cents EPS vs 5 cents forecast. 2. Q4 sales reached $192.82 million, surpassing estimates of $185.28 million. 3. First-quarter guidance predicts earnings of 6-10 cents on $192-$202 million sales. 4. Shares surged 12.7% post-announcement to close at $21.07. 5. Analysts adjust price targets: Needham lowers to $25, Barclays raises to $23.