Assessing Alcoa: Insights From 5 Financial Analysts
Portfolio Pulse from Benzinga Insights
Alcoa Corp (NYSE:AA) has been analyzed by 5 financial analysts, showing a shift towards a more bearish stance in the last 30 days with an increase in bearish ratings and a decrease in bullish ratings. Despite this, the average 12-month price target for Alcoa has risen to $36.00, indicating a 10.43% increase from the previous target of $32.60. Analysts from firms including UBS, B. Riley Securities, Jefferies, BMO Capital, and B of A Securities have raised their price targets, reflecting adjustments to market conditions and company performance. Alcoa, a leading aluminum company, faces challenges such as a decline in revenue, below-average net margin, and a high debt-to-equity ratio, impacting its financial health.
April 19, 2024 | 12:01 pm
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Alcoa Corp faces a mixed analyst outlook with a recent increase in bearish sentiment but also an upward revision in price targets, indicating potential short-term volatility but a positive long-term view.
The mixed analyst ratings with a recent bearish tilt could lead to short-term volatility in Alcoa's stock price. However, the raised 12-month price targets suggest a positive long-term outlook. The company's financial challenges, such as declining revenue and high debt, add complexity to its stock performance, making the impact of analyst ratings more significant.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100