Polish authorities have searched the headquarters of online retailer Allegro in Poznan and its offices in Warsaw, suspecting the company of violating antitrust laws.

Allegro MicroSystems outlined a 'Reimagined' plan at its Investor Day, targeting 20% sales growth and over 55% margins.

The logistics sector anticipates a lengthy resolution process for the ongoing dispute between Polish e-commerce giant Allegro and logistics provider InPost, with customers likely to be the most negatively impacted.

The President of UOKiK (Office of Competition and Consumer Protection) ordered a search, with court approval and police assistance, of Allegro's headquarters in Poznań and offices in Warsaw as part of an explanatory proceeding regarding potential anti-competitive practices.

The Polish competition authority has conducted searches at the offices of e-commerce giant Allegro as part of an ongoing antitrust investigation.

Needham has increased its price target for Allegro MicroSystems, Inc. (ALGM) stock, indicating a positive outlook for the company's shares.