Andre Madrid, an analyst from BTIG, maintained the Buy rating on ATI (ATI – Research Report). The associated price target is $75.00.
Andre Madrid has given his Buy rating due to a combination of factors that highlight ATI’s strong performance and future potential. The company reported a higher-than-expected adjusted EPS for the fourth quarter of 2024, largely due to improved profitability from debottlenecking forging operations and expanding testing capacity. This strong financial performance is further supported by the robust demand in the next-generation commercial jet engine market, which saw significant sales growth both quarterly and annually.
Additionally, Madrid notes the strategic efforts by ATI that are beginning to yield positive results, such as the recovery from previous operational outages and the commencement of new expansion projects. Despite some challenges in the commercial airframe segment, ATI’s overall outlook for 2025 remains optimistic with expected steady EBITDA and EPS growth, along with a substantial share repurchase program. These factors collectively contribute to a positive market reaction and underpin the Buy rating.
According to TipRanks, Madrid is a 3-star analyst with an average return of 8.9% and a 60.53% success rate. Madrid covers the Industrials sector, focusing on stocks such as AeroVironment, FTAI Aviation, and Carpenter Technology.
In another report released yesterday, CFRA also maintained a Buy rating on the stock with a $75.00 price target.