10 Unstoppable AI Stocks to Invest In Now

9. Allegro MicroSystems, Inc. (NASDAQ:ALGM)

1-Year Return: ~46.3%

Average Upside Potential: ~26.4%

Number of Hedge Fund Holders: 30

Allegro MicroSystems, Inc. (NASDAQ:ALGM) is one of the Unstoppable AI Stocks to Invest In Now. On February 19, Needham lifted its price objective on the company’s stock to $45 from $41, while keeping a “Buy” rating, as reported by The Fly. As per the analyst, the firm remains optimistic about the company’s Analyst Day presentation. The presentation exhibited a 3 – 5 year target financial model, which included revenue growth of mid-teens as well as gross margins of more than 55%.

In a separate release, Jefferies lifted its price objective on Allegro MicroSystems, Inc. (NASDAQ:ALGM)’s stock to $45 from $43, while keeping a “Buy” rating, as reported by The Fly. The analyst said that the company’s margin guidance was lower, but this was expected. That being said, the structural growth profile of Allegro MicroSystems, Inc. (NASDAQ:ALGM)’s business continues to shift higher and is associated with new growth opportunities in AI data centers as well as Robotics.

Allegro MicroSystems, Inc. (NASDAQ:ALGM) is engaged in designing, developing, manufacturing, and marketing sensor integrated circuits (ICs) and application-specific power ICs. These are for motion control as well as energy-efficient systems.