Analyst Alexander Hacking from Citi maintained a Buy rating on Alcoa and keeping the price target at $42.00.
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Alexander Hacking has given his Buy rating due to a combination of factors, including the positive outlook for aluminum and the anticipated recovery in Alcoa’s financial performance. The analyst expects Alcoa’s EBITDA for the third quarter of 2025 to remain stable compared to the previous quarter, despite some offsetting factors such as intercompany eliminations.
Hacking also highlights the potential impact of Canadian tariff discussions and the restart of key smelters as areas of investor focus. Furthermore, Citi’s commodity team has increased their aluminum price forecasts for 2026, which contributes to a more favorable long-term outlook for Alcoa. The target price remains at $42 per share, supported by a projected 25.4% share price return, reinforcing the Buy recommendation.
In another report released on September 9, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $36.00 price target.
AA’s price has also changed slightly for the past six months – from $34.790 to $32.860, which is a -5.55% drop .