On May 12, 2025, Morgan Stanley analyst Angel Castillo announced an adjustment in the price target for Kennametal (KMT, Financial). The price target has been raised from $20.00 to $21.00, marking a 5% increase. This adjustment reflects Morgan Stanley's latest assessment of KMT's market position and future prospects.
Despite the raise in the price target, the rating for Kennametal (KMT, Financial) remains unchanged. Morgan Stanley maintains an 'Equal-Weight' rating for the stock, indicating that it sees KMT's performance as being in line with the broader market. This rating has been consistent before and after the price target adjustment.
The target price adjustment reflects Morgan Stanley's positive outlook on Kennametal's (KMT, Financial) current and future operations. Investors in KMT might find this update significant as they evaluate the stock's potential in their portfolios. As the market reacts to this and other analyst reports, it will be interesting to observe any shifts in KMT's stock performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Kennametal Inc (KMT, Financial) is $21.50 with a high estimate of $24.00 and a low estimate of $19.00. The average target implies an downside of 0.46% from the current price of $21.60. More detailed estimate data can be found on the Kennametal Inc (KMT) Forecast page.
Based on the consensus recommendation from 9 brokerage firms, Kennametal Inc's (KMT, Financial) average brokerage recommendation is currently 3.4, indicating "Hold" 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 Kennametal Inc (KMT, Financial) in one year is $25.70, suggesting a upside of 18.98% from the current price of $21.6. 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 Kennametal Inc (KMT) Summary page.
