• Mizuho raised its price target for Allegro MicroSystems to $67 from $54 on June 29, 2026, maintaining an "Outperform" rating.
  • The hike is fueled by accelerating demand from AI data centers, particularly for power-related opportunities tied to higher-density architectures and AI server deployments.
  • Sustained optimism also exists around Allegro’s automotive-focused growth strategy, including robust adoption of its sensing and power solutions within the electric vehicle (EV) and advanced driver-assistance systems (ADAS) markets.