Gautam Khanna, an analyst from TD Cowen, maintained the Buy rating on ATI. The associated price target was raised to $120.00.
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Gautam Khanna has given his Buy rating due to a combination of factors that highlight ATI’s promising growth trajectory and financial performance. The company’s Q3 results and forward-looking guidance affirm its ability to meet its projected EBITDA targets for 2027, suggesting strong operational execution. The anticipated growth in EBITDA from 2025 to 2027, with a significant increase expected in 2026, underpins the positive outlook.
Moreover, ATI’s strategic contracts with major aerospace companies like Airbus and Boeing are expected to drive higher sales, despite industry-wide reductions in titanium purchases. The company’s investments in differentiated products and productivity improvements across various product areas further bolster its competitive edge. Additionally, the robust year-over-year growth in jet engine and defense sales, coupled with strong EBITDA margins in key segments, supports the confidence in ATI’s future performance.
Khanna covers the Industrials sector, focusing on stocks such as General Dynamics, ATI, and Boeing. According to TipRanks, Khanna has an average return of 17.4% and a 71.89% success rate on recommended stocks.
In another report released today, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $104.00 price target.