Alcoa Stock Forecast

Stock Price Forecast

According to 14 analysts polled by S&P Global, Alcoa stock has a consensus rating of "Buy" and an average price target of $54.59. The average 1-year stock price forecast is 36.54% higher than the current stock price, while the lowest is $48 (+20.06%) and the highest is $63 (+57.58%).

Price Target: $54.59 (+36.54%)

Analyst Consensus: Buy

Price Target

Chart

Target	Low	Average	Median	High
Price	$48	$54.59	$55	$63
Change	+20.06%	+36.54%	+37.57%	+57.58%

Analyst Ratings

The average analyst rating for Alcoa stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Chart

Rating	Jun '26	Jul '26	Aug '26	Sep '26	Oct '26	Nov '26
Strong Buy	9	8	8	8	7	7
Buy	1	0	0	1	2	2
Hold	3	4	4	3	4	4
Sell	0	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	13	13	13	13	14	14

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Alexandra Yates Argus Research	Argus Research	Hold Downgrades n/a	Hold	Downgrades	n/a	n/a	Oct 22, 2026
Vitaly Kononov Freedom Capital Markets	Freedom Capital Markets	Buy Maintains $76 → $62	Buy	Maintains	$76 → $62	+55.08%	Oct 20, 2026
Nick Giles B. Riley Securities	B. Riley Securities	Buy Maintains $80 → $63	Buy	Maintains	$80 → $63	+57.58%	Oct 20, 2026
Alexander Hacking Citi	Citi	Buy Maintains $76 → $56	Buy	Maintains	$76 → $56	+40.07%	Oct 20, 2026
Carlos De Alba Morgan Stanley	Morgan Stanley	Hold Reiterates $50	Hold	Reiterates	$50	+25.06%	Oct 19, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

14.67B

from 12.83B

14.30%

from 12.83B

Revenue Next Year

14.86B

from 14.67B

1.35%

from 14.67B

EPS This Year

6.79

from 3.77

80.20%

from 3.77

EPS Next Year

5.21

from 6.79

-23.32%

from 6.79

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	12.15B	12.45B	10.55B	11.90B	12.83B	14.67B
Revenue Growth	30.86%	2.46%	-15.26%	12.74%	7.87%	14.30%
Gross Profit	3.05B	2.31B	834.00M	1.91B	2.29B	3.24B
Gross Margin	25.12%	18.51%	7.90%	16.08%	17.86%	22.08%
Operating Income	2.08B	1.48B	-76.00M	923.00M	1.32B	2.26B
Net Income	429.00M	-123.00M	-651.00M	60.00M	1.16B	1.85B
EPS	-	-	-	-	3.77	6.79
EPS Growth	-	-	-	-	179.26%	80.20%
Forward PE	8.90	51.91	57.68	7.76	11.50	5.88
Dividend / Share	0.10	0.40	0.40	0.40	0.40	0.40
Dividend Growth	-	300.00%	-	-	-	0.02%
Free Cash Flow	-	-	-	-	567.00M	872.29M
No. Analysts	-	-	-	-	-	13

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Chart

Revenue	2026	2027	2028
High	14.9B
Avg	14.7B
Low	14.4B

Revenue Growth

Chart

Revenue Growth	2026	2027	2028
High	16.2%
Avg	14.3%
Low	12.3%

EPS Forecast

Chart

EPS	2026	2027	2028
High	7.43
Avg	6.79
Low	5.90

EPS Growth

Chart

EPS Growth	2026	2027	2028
High	97.1%
Avg	80.2%
Low	56.5%