On October 20, Allegro MicroSystems, Inc. rose 5.15% in Regular Trading, trading at $33.255 per share, with turnover of $32.838 million.

The latest public update showed the company is scheduled to report second-quarter fiscal 2027 results on October 29, while a recent initiation assigned an outperform rating and a $50 price target, highlighting data center and automotive growth as support for the shares.

Background details indicate the bullish view centers on data center revenue more than doubling in fiscal 2027, with high-speed current sensors gaining traction in hyperscaler platforms and expected to exceed 20% of the data center segment by fiscal fourth quarter from near zero at the start of fiscal 2026. The same view also points to future AI server rack content above $425 and rising automotive content, reinforcing medium-term growth expectations ahead of earnings. Previous consensus data showed the next reported EPS expectation at $0.18.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)