Evercore remains bullish on Allegro MicroSystems (ALGM), citing strong automotive and data center cycles
Allegro MicroSystems, Inc. (NASDAQ:ALGM) is one of the Overlooked Tech Stocks to Invest In. On October 31, 2025, Evercore ISI increased its price target on Allegro MicroSystems, Inc. (NASDAQ:ALGM) from $37 to $49, while maintaining an “Outperform” rating. The company’s bullish stance reflects strong automotive and data center cycles, and Evercore highlights the stock as…