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Alcoa Corp has a consensus price target of $48.59 based on the ratings of 18 analysts. The high is $90 issued by Deutsche Bank on March 10, 2022. The low is $29 issued by HSBC on December 7, 2023. The 3 most-recent analyst ratings were released by Wolfe Research, UBS, and Morgan Stanley on September 4, 2024, August 12, 2024, and July 22, 2024, respectively. With an average price target of $39.67 between Wolfe Research, UBS, and Morgan Stanley, there's an implied 21.79% upside for Alcoa Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Alcoa (NYSE:AA) was reported by Wolfe Research on September 4, 2024. The analyst firm set a price target for $36.00 expecting AA to rise to within 12 months (a possible 10.53% upside). 36 analyst firms have reported ratings in the last year.
The latest analyst rating for Alcoa (NYSE:AA) was provided by Wolfe Research, and Alcoa upgraded their outperform rating.
The last upgrade for Alcoa Corp happened on September 4, 2024 when Wolfe Research raised their price target to $36. Wolfe Research previously had a peer perform for Alcoa Corp.
The last downgrade for Alcoa Corp happened on October 23, 2023 when B of A Securities changed their price target from $35 to $25 for Alcoa Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Alcoa, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Alcoa was filed on September 4, 2024 so you should expect the next rating to be made available sometime around September 4, 2025.
While ratings are subjective and will change, the latest Alcoa (AA) rating was a upgraded with a price target of $0.00 to $36.00. The current price Alcoa (AA) is trading at is $32.57, which is within the analyst’s predicted range.
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