Alcoa Corporation (AA)
NYSE: AA · IEX Real-Time Price · USD
40.83
+1.13 (2.85%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Alcoa Stock Forecast
Stock Price Forecast
The 12 analysts with 12-month price forecasts for Alcoa stock have an average target of 38.42, with a low estimate of 25 and a high estimate of 50. The average target predicts a decrease of -5.90% from the current stock price of 40.83.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for Alcoa stock from 13 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 0 | 0 | 0 | 0 | 0 | 1 |
| Hold | 8 | 8 | 7 | 8 | 8 | 7 |
| Sell | 2 | 2 | 2 | 1 | 1 | 1 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 14 | 14 | 13 | 13 | 13 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B of A Securities | B of A Securities | Hold Maintains $40 → $46 | Hold | Maintains | $40 → $46 | +12.66% | Jun 26, 2024 |
| Morgan Stanley | Morgan Stanley | Hold → Buy Upgrades $37 → $50 | Hold → Buy | Upgrades | $37 → $50 | +22.46% | Jun 21, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $32 → $50 | Strong Buy | Maintains | $32 → $50 | +22.46% | May 21, 2024 |
| Morgan Stanley | Morgan Stanley | Sell → Hold Upgrades $29 → $37 | Sell → Hold | Upgrades | $29 → $37 | -10.60% | Apr 22, 2024 |
| UBS | UBS | Strong Sell Maintains $27 → $32 | Strong Sell | Maintains | $27 → $32 | -21.63% | Apr 19, 2024 |
Financial Forecast
Revenue This Year
11.25B
from 10.55B
Increased by 6.58%
Revenue Next Year
11.51B
from 11.25B
Increased by 2.33%
EPS This Year
0.05
from -3.65
EPS Next Year
2.37
from 0.05
Increased by 4,316.76%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 11.9B | 12.9B | 12.9B |
| Avg | 11.2B | 11.5B | 11.9B |
| Low | 10.1B | 9.8B | 10.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 12.6% | 14.3% | 12.2% |
| Avg | 6.6% | 2.3% | 3.5% |
| Low | -4.6% | -12.6% | -8.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.72 | 4.01 | 5.23 |
| Avg | 0.05 | 2.37 | 2.97 |
| Low | -0.73 | 1.38 | 1.46 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 7,360.1% | 120.2% |
| Avg | - | 4,316.8% | 25.0% |
| Low | - | 2,470.0% | -38.5% |
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.