Alcoa Stock Forecast

Stock Price Forecast

According to 13 analysts polled by S&P Global, Alcoa stock has a consensus rating of "Buy" and an average price target of $63.06. The average 1-year stock price forecast is 47.16% higher than the current stock price, while the lowest is $49.7 (+15.99%) and the highest is $80 (+86.70%).

Price Target: $63.06 (+47.16%)

Analyst Consensus: Buy

Price Target

Chart

Target	Low	Average	Median	High
Price	$49.7	$63.06	$57.5	$80
Change	+15.99%	+47.16%	+34.19%	+86.70%

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

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Vitaly Kononov Freedom Capital Markets	Freedom Capital Markets	Buy Maintains $64 → $76	Buy	Maintains	$64 → $76	+77.36%	Sep 22, 2026
Nick Giles B. Riley Securities	B. Riley Securities	Buy Initiates $80	Buy	Initiates	$80	+86.70%	Sep 22, 2026
Carlos De Alba Morgan Stanley	Morgan Stanley	Hold Reiterates $53	Hold	Reiterates	$53	+23.69%	Sep 21, 2026
Timna Tanners Wells Fargo	Wells Fargo	Buy Reiterates $71 → $60	Buy	Reiterates	$71 → $60	+40.02%	Sep 18, 2026
Alexander Hacking Citi	Citi	Buy Maintains $76	Buy	Maintains	$76	+77.36%	Sep 12, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

14.86B

from 12.83B

15.85%

from 12.83B

Revenue Next Year

15.17B

from 14.86B

2.08%

from 14.86B

EPS This Year

6.45

from 3.77

71.06%

from 3.77

EPS Next Year

5.67

from 6.45

-12.07%

from 6.45

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	14.86B
Revenue Growth	30.86%	2.46%	-15.26%	12.74%	7.87%	15.85%
Gross Profit	3.05B	2.31B	834.00M	1.91B	2.29B	3.01B
Gross Margin	25.12%	18.51%	7.90%	16.08%	17.86%	20.25%
Operating Income	2.08B	1.48B	-76.00M	923.00M	1.32B	2.33B
Net Income	429.00M	-123.00M	-651.00M	60.00M	1.16B	1.68B
EPS	-	-	-	-	3.77	6.45
EPS Growth	-	-	-	-	179.26%	71.06%
Forward PE	8.90	51.91	57.68	7.76	11.50	6.64
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	889.45M
No. Analysts	-	-	-	-	-	13

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

Revenue Forecast

Chart

Revenue	2026	2027	2028
High	15.6B
Avg	14.9B
Low	14.3B

Revenue Growth

Chart

Revenue Growth	2026	2027	2028
High	21.4%
Avg	15.8%
Low	11.6%

EPS Forecast

Chart

EPS	2026	2027	2028
High	7.01
Avg	6.45
Low	5.77

EPS Growth

Chart

EPS Growth	2026	2027	2028
High	85.9%
Avg	71.1%
Low	53.1%