Morgan Stanley has revised its price target for Alcoa (AA, Financial), lowering it from $39 to $35. This adjustment comes as part of an update following the company's recent first-quarter earnings report and an analysis of commodity prices projected for 2025.
Despite the downward revision of the price target, the financial institution continues to maintain an Overweight rating on Alcoa's shares. The adjustment reflects the latest guidance from Alcoa, alongside a recalibration of the market conditions affecting commodities crucial to the company's operations.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for Alcoa Corp (AA, Financial) is $35.23 with a high estimate of $43.05 and a low estimate of $26.00. The average target implies an upside of 51.06% from the current price of $23.32. More detailed estimate data can be found on the Alcoa Corp (AA) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, Alcoa Corp's (AA, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Alcoa Corp (AA, Financial) in one year is $29.12, suggesting a upside of 24.87% from the current price of $23.32. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Alcoa Corp (AA) Summary page.
