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Alcoa Corp has a consensus price target of $44.21 based on the ratings of 15 analysts. The high is $55 issued by Jefferies on July 9, 2024. The low is $29 issued by HSBC on December 7, 2023. The 3 most-recent analyst ratings were released by Morgan Stanley, JP Morgan, and BMO Capital on October 18, 2024, October 17, 2024, and October 17, 2024, respectively. With an average price target of $44.33 between Morgan Stanley, JP Morgan, and BMO Capital, there's an implied 15.60% 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 Argus Research on October 23, 2024. The analyst firm set a price target for $0.00 expecting AA to fall to within 12 months (a possible -100.00% downside). 33 analyst firms have reported ratings in the last year.
The latest analyst rating for Alcoa (NYSE:AA) was provided by Argus Research, and Alcoa upgraded their buy rating.
The last upgrade for Alcoa Corp happened on October 23, 2024 when Argus Research raised their price target to N/A. Argus Research previously had a hold 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 October 23, 2024 so you should expect the next rating to be made available sometime around October 23, 2025.
While ratings are subjective and will change, the latest Alcoa (AA) rating was a upgraded with a price target of $0.00 to $0.00. The current price Alcoa (AA) is trading at is $38.35, which is out of the analyst’s predicted range.
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