Key Highlights:
- Alcoa Corporation reports impressive revenue of $3.01 billion, exceeding expectations by $60 million.
- Analysts predict a potential 22.86% upside in Alcoa's stock price, maintaining a consensus "Outperform" rating.
- GuruFocus estimates suggest a slight downside with a GF Value of $28.50, close to the current trading price.
Alcoa Corporation (AA, Financial) recently announced a significant revenue achievement of $3.01 billion, surpassing analyst forecasts by $60 million. While its non-GAAP earnings per share met expectations at $0.39, this strong revenue performance highlights Alcoa's resilience amidst industry challenges.
Wall Street Analysts Forecast
According to the one-year price targets provided by 9 analysts, the average target price for Alcoa Corp (AA, Financial) stands at $35.09. This includes a high estimate of $42.30 and a low estimate of $26.00. The average target suggests a potential upside of 22.86% from the current trading price of $28.56. Investors seeking more detailed estimation data can visit the Alcoa Corp (AA) Forecast page.
In terms of brokerage recommendations, 12 firms maintain an average recommendation of 2.3 for Alcoa Corp (AA, Financial), indicating an "Outperform" status. This rating is based on a scale from 1 to 5, where 1 represents a Strong Buy and 5 indicates a Sell recommendation.
GuruFocus estimates the GF Value for Alcoa Corp (AA, Financial) over the next year to be $28.50, reflecting a slight downside of 0.21% from the current price of $28.56. The GF Value represents the fair value at which the stock should trade, derived from historical multiples, past business growth, and future performance estimates. For more comprehensive data, investors can refer to the Alcoa Corp (AA) Summary page.
