▼ -16.11% Downside Potential
This price target is based on 9 analysts offering 12 month price targets for Alcoa in the last 3 months. The average price target is $27.67, with a high forecast of $43.00 and a low forecast of $12.00. The average price target represents a -16.11% upside from the last price of $32.98.
The current consensus among 9 investment analysts is to buy stock in Alcoa. This rating has held steady since June 2020, when it changed from a Hold consensus rating.
Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Brazil, Canada, and internationally. The company operates through three segments: Bauxite, Alumina, and Aluminum. It engages in bauxite mining operations; and processes bauxite into alumina and sells it to customers who process it into industrial chemical products, as well as aluminum smelting, casting, and rolling businesses. The company offers primary aluminum in the form of alloy ingot or value-add ingot to customers that produce products for the transportation, building and construction, packaging, wire, and other industrial markets; and flat-rolled aluminum sheets to customers that produce beverage and food cans. In addition, it owns hydro power plants that produce and sell electricity to the wholesale market to traders, large industrial consumers, distribution companies, and other generation companies. The company was formerly known as Alcoa Upstream Corporation and changed its name to Alcoa Corporation in October 2016. The company was founded in 1888 and is headquartered in Pittsburgh, Pennsylvania.