Mar. 3 at 8:48 PM
$ALGM "Shares of Allegro MicroSystems (ALGM) are down 4.95% today, Tuesday, March 3, 2026, currently trading at
$34.78. The decline is primarily driven by a broader sell-off in the semiconductor sector and persistent investor caution following recent technical sell signals. Concerns about the sustainability of massive AI infrastructure spending have triggered a rotation out of chip stocks, affecting peers like NXP Semiconductors (-4.66%) and ON Semiconductor (-4.95%) alongside Allegro. Despite today's drop, the consensus remains a Moderate Buy with an average 12-month price target of
$45.40, representing potential upside of over 24%."
