Alcoa Stock Forecast

Stock Price Forecast

The 11 analysts with 12-month price forecasts for Alcoa stock have an average target of 38.32, with a low estimate of 27 and a high estimate of 45. The average target predicts a decrease of -12.45% from the current stock price of 43.77.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$27	$38.32	$40	$45
Change	-38.31%	-12.45%	-8.61%	+2.81%

Analyst Ratings

The average analyst rating for Alcoa stock from 11 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jul '25	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25
Strong Buy	6	6	6	6	6	5
Buy	2	2	2	2	2	2
Hold	3	3	3	3	3	3
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	12	12	12	12	12	11

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Bill Peterson JP Morgan	JP Morgan	Hold Maintains $35 → $45	Hold	Maintains	$35 → $45	+2.81%	Dec 5, 2025
Bill Peterson JP Morgan	JP Morgan	Hold Maintains $34 → $35	Hold	Maintains	$34 → $35	-20.04%	Oct 23, 2025
Katja Jancic BMO Capital	BMO Capital	Hold Maintains $35 → $37	Hold	Maintains	$35 → $37	-15.47%	Oct 23, 2025
Bill Peterson JP Morgan	JP Morgan	Hold Maintains $27 → $34	Hold	Maintains	$27 → $34	-22.32%	Oct 9, 2025
Carlos De Alba Morgan Stanley	Morgan Stanley	Buy Maintains $38 → $43	Buy	Maintains	$38 → $43	-2.90%	Oct 8, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

13.03B

from 11.90B

9.54%

from 11.90B

Revenue Next Year

13.66B

from 13.03B

4.81%

from 13.03B

EPS This Year

3.54

from 0.26

1,261.42%

from 0.26

EPS Next Year

3.56

from 3.54

0.54%

from 3.54

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	9.29B	12.15B	12.45B	10.55B	11.90B	13.03B	13.66B
Revenue Growth	-10.99%	30.86%	2.46%	-15.26%	12.74%	9.54%	4.81%
EPS	-0.91	2.26	-0.68	-3.66	0.26	3.54	3.56
EPS Growth	-	-	-	-	-	1,261.42%	0.54%
Forward PE	-	-	-	-	-	12.37	12.30
No. Analysts	-	-	-	-	-	18	18

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026
High	13.5B	14.7B
Avg	13.0B	13.7B
Low	12.2B	12.1B

Revenue Growth

Revenue Growth	2025	2026
High	13.3%	12.9%
Avg	9.5%	4.8%
Low	2.3%	-6.9%

EPS Forecast

EPS	2025	2026
High	3.73	4.77
Avg	3.54	3.56
Low	3.25	2.60

EPS Growth

EPS Growth	2025	2026
High	1,333.7%	34.7%
Avg	1,261.4%	0.5%
Low	1,148.7%	-26.6%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.