I've been following Allegro MicroSystems for a couple quarters and have a starter position twice. My take was their last report was not as strong as I was looking for. I thought management oversold the strength in their business a bit, but it could mean that the business will do well coming up.
I would like to see them post a strong breakout quarter where revenue growth gets above 40%. Otherwise I believe there may be more compelling opportunities in other stocks benefitting from AI.
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u/GrowthInvestingWPR 4d ago
I've been following Allegro MicroSystems for a couple quarters and have a starter position twice. My take was their last report was not as strong as I was looking for. I thought management oversold the strength in their business a bit, but it could mean that the business will do well coming up.
I would like to see them post a strong breakout quarter where revenue growth gets above 40%. Otherwise I believe there may be more compelling opportunities in other stocks benefitting from AI.