Allegro Microsystems - Megatrends in E-Mobility, AI Servers & Robotics Provide Tailwinds!
Reading Time: 1 minute
Business Driver: Allegro MicroSystems (ALGM) specializes in magnetic sensor systems that are used in electric vehicles and driver assistance systems, among other applications. They are also well-positioned in power management chips for data centers and renewable energies, which provides Allegro MicroSystems with promising growth prospects in light of the cloud and data center boom. On January 5, Wells Fargo reaffirmed its rating for Allegro Microsystems as "Buy" with a price target of $50.
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
