Alcoa Corporation (AA)
NYSE: AA · IEX Real-Time Price · USD
36.08
+0.02 (0.06%)
Apr 24, 2024, 1:38 PM EDT - Market open
Alcoa Stock Forecast
Stock Price Forecast
The 12 analysts with 12-month price forecasts for Alcoa stock have an average target of 35.29, with a low estimate of 25 and a high estimate of 48. The average target predicts a decrease of -2.19% from the current stock price of 36.08.
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 1 | 1 | 0 | 0 | 0 | 0 |
| Hold | 7 | 8 | 8 | 8 | 7 | 8 |
| Sell | 2 | 2 | 2 | 2 | 2 | 1 |
| Strong Sell | 0 | 0 | 1 | 1 | 1 | 1 |
| Total | 13 | 14 | 14 | 14 | 13 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Sell → Hold Upgrades $29 → $37 | Sell → Hold | Upgrades | $29 → $37 | +1.16% | Apr 22, 2024 |
| UBS | UBS | Strong Sell Maintains $27 → $32 | Strong Sell | Maintains | $27 → $32 | -11.31% | Apr 19, 2024 |
| B. Riley Securities | B. Riley Securities | Hold Maintains $25 → $31 | Hold | Maintains | $25 → $31 | -14.08% | Apr 18, 2024 |
| Jefferies | Jefferies | Strong Buy Maintains $45 → $48 | Strong Buy | Maintains | $45 → $48 | +33.04% | Apr 18, 2024 |
| BMO Capital | BMO Capital | Hold Maintains $35 → $37 | Hold | Maintains | $35 → $37 | +2.55% | Apr 18, 2024 |
Financial Forecast
Revenue This Year
11.05B
from 10.55B
Increased by 4.71%
Revenue Next Year
11.48B
from 11.05B
Increased by 3.94%
EPS This Year
0.35
from -3.65
EPS Next Year
2.07
from 0.35
Increased by 492.96%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 12.1B | 12.8B | 13.3B |
| Avg | 11.0B | 11.5B | 11.9B |
| Low | 9.4B | 9.8B | 10.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 14.6% | 16.3% | 15.7% |
| Avg | 4.7% | 3.9% | 3.3% |
| Low | -10.6% | -11.5% | -10.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.33 | 4.29 | 5.94 |
| Avg | 0.35 | 2.07 | 2.84 |
| Low | -0.75 | 0.17 | 1.33 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 1,127.7% | 186.5% |
| Avg | - | 493.0% | 36.8% |
| Low | - | -51.5% | -35.7% |
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.