Based on ratings from 14 stock analysts, the Alcoa Corp stock price is expected to increase by 2.16% in 12 months. This is calculated by using the average 12-month stock price forecast for Alcoa Corp. The lowest target is $38.5 and the highest is $58. Please note analyst price targets are not guaranteed and could be missed completely.
Alcoa Corp has a total of 14 Wall St Analyst ratings. There are 9 buy ratings, 5 ratings, and 0 sell ratings. Since most analysts have a buy consensus rating, the expectation is that Alcoa Corp will outperform the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.
These are the latest 20 analyst ratings of AA.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
David Coleman Argus Research | Buy | Upgrade | Oct 23, 2024 | |
Carlos De Alba Morgan Stanley | Overweight | $49 | Maintains | Oct 18, 2024 |
Bill Peterson JP Morgan | Neutral | $39 | Maintains | Oct 17, 2024 |
Lucas Pipes B. Riley Securities | Buy | $50 | Upgrade | Oct 17, 2024 |
Katja Jancic BMO Capital | Market Perform | $45 | Maintains | Oct 17, 2024 |
Curt Woodworth UBS | Buy | $50 | Maintains | Oct 15, 2024 |
Bill Peterson JP Morgan | Neutral | $36 | Reinstates | Sep 25, 2024 |
Curt Woodworth UBS | Buy | $40 | Maintains | Sep 19, 2024 |
Lucas Pipes B. Riley Securities | Neutral | $41 | Maintains | Sep 17, 2024 |
Timna Tanners Wolfe Research | Outperform | $36 | Upgrade | Sep 4, 2024 |
Curt Woodworth UBS | Buy | $35 | Upgrade | Aug 12, 2024 |
Timna Tanners Wolfe Research | Peer Perform | Upgrade | Aug 2, 2024 | |
B. Riley Securities | Neutral | Maintains | Jul 30, 2024 | |
Carlos De Alba Morgan Stanley | Overweight | $48 | Maintains | Jul 22, 2024 |
Lucas Pipes B. Riley Securities | Neutral | $43 | Maintains | Jul 18, 2024 |
Lawson Winder B of A Securities | Neutral | $43 | Maintains | Jul 18, 2024 |
Jefferies | Buy | Maintains | Jul 9, 2024 | |
B. Riley Securities | Neutral | Maintains | Jul 2, 2024 | |
Lawson Winder B of A Securities | Neutral | $46 | Maintains | Jun 26, 2024 |
Carlos De Alba Morgan Stanley | Overweight | $50 | Upgrade | Jun 21, 2024 |
When did it IPO
1962
Staff Count
13,600
Country
United States
Sector/Industry
Basic Materials/Aluminum
CEO
Mr. William F. Oplinger
Market Cap
$12.00B
In 2023, AA generated $10.55B in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that AA's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Alcoa CFO Molly S. Beerman will speak at the Citi 2024 Basic Materials Conference on December 4, 2024, discussing the company's outlook and potential financial impacts.
Why It Matters - Alcoa's CFO's participation in the Citi conference offers insights into the company's outlook and financial performance, which can impact stock valuations and investor sentiment.
Summary - Alcoa Corporation has joined the World Economic Forum's First Suppliers Hub, aiming to support industrial decarbonization efforts by 2050 through innovative material suppliers.
Why It Matters - Alcoa's participation in the World Economic Forum's First Suppliers Hub signals a commitment to sustainability, potentially enhancing its competitive edge and attracting environmentally-conscious investors.
Summary - Premium Resources Ltd. has officially changed its name from Premium Nickel Resources Ltd., as announced on November 18, 2024. The company trades on TSXV under the ticker PNRL.
Why It Matters - A name change may signify a strategic shift or rebranding, potentially impacting investor perception and market positioning, which could influence stock performance.
Summary - Alcoa's CEO William Oplinger expresses optimism in collaborating with the incoming Trump administration and shares a positive outlook for aluminum prices.
Why It Matters - Oplinger's collaboration with the Trump administration hints at potential policy shifts affecting aluminum markets, influencing supply, demand, and ultimately pricing strategies for investors.
Summary - Millbank Mining Corp. will change its name to Primary Hydrogen Corp. on November 13, 2024, with shares trading under the new symbol "HDRO."
Why It Matters - The name change to "Primary Hydrogen Corp." signals a strategic shift towards hydrogen, potentially attracting new investors and reflecting a focus on emerging energy sectors.
Summary - 1329293 B.C. Ltd. has changed its name to Auranova Resources Inc. and completed a share consolidation, converting 2.5 pre-consolidation shares into one post-consolidation share as of November 6, 2024.
Why It Matters - The name change and share consolidation can signal a shift in strategy or focus, potentially affecting investor perception, liquidity, and the stock's future performance.