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 $82.25. The average 1-year stock price forecast is 33.24% higher than the current stock price, while the lowest is $52 (-15.76%) and the highest is $152 (+146.23%).

Price Target: $82.25 (+33.24%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$52	$82.25	$79.3	$152
Change	-15.76%	+33.24%	+28.46%	+146.23%

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

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	6	6	7	7	9	9
Buy	0	0	0	1	1	1
Hold	4	4	5	4	2	2
Sell	3	3	2	2	2	2
Strong Sell	0	0	0	0	0	0
Total	13	13	14	14	14	14

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Carlos De Alba Morgan Stanley	Morgan Stanley	Buy Maintains $80 → $79	Buy	Maintains	$80 → $79	+27.98%	Jun 11, 2026
Timna Tanners Wells Fargo	Wells Fargo	Buy Reiterates $82	Buy	Reiterates	$82	+32.84%	Jun 11, 2026
Daniel Major UBS	UBS	Buy Upgrades $75 → $80	Buy	Upgrades	$75 → $80	+29.60%	May 22, 2026
Bill Peterson J.P. Morgan	J.P. Morgan	Hold Maintains $70	Hold	Maintains	$70	+13.40%	Apr 27, 2026
John Eade Argus Research	Argus Research	Buy Reiterates $67 → $73	Buy	Reiterates	$67 → $73	+18.26%	Apr 24, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

15.08B

from 12.83B

17.54%

from 12.83B

Revenue Next Year

15.33B

from 15.08B

1.61%

from 15.08B

EPS This Year

7.66

from 3.77

103.28%

from 3.77

EPS Next Year

7.32

from 7.66

-4.45%

from 7.66

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	15.08B
Revenue Growth	30.86%	2.46%	-15.26%	12.74%	7.87%	17.54%
Gross Profit	3.05B	2.31B	834.00M	1.91B	2.29B	3.27B
Gross Margin	25.12%	18.51%	7.90%	16.08%	17.86%	21.65%
Operating Income	2.08B	1.48B	-76.00M	923.00M	1.32B	2.73B
Net Income	429.00M	-123.00M	-651.00M	60.00M	1.16B	1.98B
EPS	-	-	-	-	3.77	7.66
EPS Growth	-	-	-	-	179.26%	103.28%
Forward PE	8.90	51.91	-	7.76	11.50	8.06
Dividend / Share	0.10	0.40	0.40	0.40	0.40	0.40
Dividend Growth	-	300.00%	-	-	-	0.04%
Free Cash Flow	1.68B	223.00M	338.63M	630.38M	1.19B	924.98M
No. Analysts	-	-	-	-	-	14

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

Revenue Forecast

Revenue	2026	2027	2028
High	16.2B
Avg	15.1B
Low	13.6B

Revenue Growth

Revenue Growth	2026	2027	2028
High	26.0%
Avg	17.5%
Low	6.3%

EPS Forecast

EPS	2026	2027	2028
High	9.22
Avg	7.66
Low	5.48

EPS Growth

EPS Growth	2026	2027	2028
High	144.6%
Avg	103.3%
Low	45.4%