• Allegro MicroSystems (ALGM) is trading 4% up at $59.71 today, extending a multi-day rally.
  • TD Cowen has maintained a Buy rating on ALGM and raised its price target from $55.00 to $70.00 on June 22, 2026.
  • This follows a significant 9.3% jump on June 18, 2026, with shares continuing to climb.