Alcoa Corporation (AA)
NYSE: AA · Real-Time Price · USD
40.57
+0.48 (1.20%)
Nov 1, 2024, 4:00 PM EDT - Market closed
Alcoa Stock Forecast
Stock Price Forecast
The 10 analysts with 12-month price forecasts for Alcoa stock have an average target of 44.6, with a low estimate of 29 and a high estimate of 55. The average target predicts an increase of 9.93% from the current stock price of 40.57.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Alcoa stock from 11 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 2 | 3 | 3 | 5 |
| Buy | 0 | 1 | 1 | 1 | 2 | 2 |
| Hold | 8 | 7 | 6 | 6 | 5 | 4 |
| Sell | 1 | 1 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 1 | 1 | 0 | 0 | 0 |
| Total | 13 | 13 | 10 | 10 | 10 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Argus Research | Argus Research | Hold → Strong Buy Upgrades n/a | Hold → Strong Buy | Upgrades | n/a | n/a | Oct 23, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $48 → $49 | Buy | Maintains | $48 → $49 | +20.78% | Oct 18, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $36 → $39 | Hold | Maintains | $36 → $39 | -3.87% | Oct 17, 2024 |
| BMO Capital | BMO Capital | Hold Maintains $42 → $45 | Hold | Maintains | $42 → $45 | +10.92% | Oct 17, 2024 |
| B. Riley Securities | B. Riley Securities | Hold → Strong Buy Upgrades $41 → $50 | Hold → Strong Buy | Upgrades | $41 → $50 | +23.24% | Oct 17, 2024 |
Financial Forecast
Revenue This Year
11.73B
from 10.55B
Increased by 11.15%
Revenue Next Year
11.77B
from 11.73B
Increased by 0.37%
EPS This Year
0.66
from -3.66
EPS Next Year
2.86
from 0.66
Increased by 331.51%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 12.4B | 12.9B | 12.7B |
| Avg | 11.7B | 11.8B | 11.7B |
| Low | 10.8B | 10.2B | 10.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 17.4% | 10.2% | 7.9% |
| Avg | 11.1% | 0.4% | -0.4% |
| Low | 2.5% | -12.8% | -11.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.49 | 3.97 | 4.34 |
| Avg | 0.66 | 2.86 | 3.11 |
| Low | -0.27 | 1.69 | 2.02 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 498.1% | 51.6% |
| Avg | - | 331.5% | 8.8% |
| Low | - | 154.2% | -29.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.