AA Analyst Ratings
Alcoa Corporation (AA) operates in the Basic Materials sector, specifically the Aluminum industry, with a market capitalization near $10.58B, listed on NYSE, employing roughly 14,900 people, carrying a beta of 1.74 to the broader market. Alcoa Corporation stands as a global industrial leader, primarily focused on the production and sale of bauxite, alumina, and aluminum products. Led by William F. Oplinger, public since 2016-11-01.
Analyst Ratings
In the October 2026 monthly count, 13 analysts rated AA: 1 Strong Buy, 8 Buy, 3 Hold, 0 Sell and 1 Strong Sell.
Twelve months earlier, in October 2025: 14 analysts, 2 Strong Buy, 7 Buy, 4 Hold, 0 Sell and 1 Strong Sell.
Price Targets
- Average Target
- $60.17
- Median Target
- $57.50
- High
- $70.00
- Low
- $53.00
- Targets Published, Last 12 Months
- 23
Recent Price Targets
The 5 most recent of 23 price targets published in the last 12 months.
| Date | Firm | Analyst | Target | Price When Posted |
|---|---|---|---|---|
| Oct 14, 2026 | Barclays | Richard Garchitorena | $55.00 | $41.49 |
| Sep 18, 2026 | Wells Fargo | Not named | $60.00 | $46.97 |
| Jul 22, 2026 | Argus Research | Not named | $55.00 | $46.28 |
| Jul 9, 2026 | Wells Fargo | Not named | $72.00 | $48.48 |
| Jul 8, 2026 | Morgan Stanley | Not named | $53.00 | $49.01 |
Recent Upgrades & Downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 7, 2026 | JP Morgan | maintain | Neutral | Neutral |
| Oct 7, 2026 | Morgan Stanley | maintain | Equal Weight | Equal Weight |
| Sep 22, 2026 | Freedom Broker | maintain | Buy | Buy |
| Sep 18, 2026 | Wells Fargo | maintain | Overweight | Overweight |
| Jul 22, 2026 | Argus Research | maintain | Buy | Buy |
Quantitative Rating
AA carries a model grade of A- (overall score 4 of 5), computed from six valuation and financial measures (discounted cash flow, return on equity, return on assets, debt to equity, price to earnings and price to book), each scored 1 to 5. It is not an analyst rating.
How to Read AA Analyst Coverage
Sell-side equity analysts publish three primary outputs: ratings (Strong Buy / Buy / Hold / Sell / Strong Sell, or firm-specific equivalents), price targets, and EPS / revenue estimate revisions. Rating consensus moves slowly relative to price; it reflects 12-month directional conviction rather than near-term momentum. Price targets are more responsive but typically drift behind realized price during sharp moves. The most actionable signal for options traders is a cluster of ratings actions across multiple firms within a short window, which compresses or expands implied volatility on a horizon of days to weeks and shifts the put-call skew toward the directional consensus. The recent-actions table above shows the five most recent firm-level changes; longer histories live behind aggregator sources.
For event-driven options sizing, pair the consensus rating and target distribution with the implied-volatility surface and dealer-positioning view. Aggressive target hikes from multiple firms tend to tighten put skew (downside protection becomes relatively cheaper); aggressive cuts widen put skew. The size of the IV response in the hours after a rating change is visible on the per-ticker volatility skew page and the gamma-exposure page, both of which show how dealer hedging propagates the analyst-driven flow into the listed options chain.
Learn how analyst ratings is reported and how to read the data →
Frequently asked AA analyst ratings questions
- What is the AA consensus price target?
- As of the latest aggregator update, Alcoa Corporation (AA) carries a consensus 12-month price target of $60.17. Target ranges run from a low of $53.00 to a high of $70.00. The target is the average of the price targets published by sell-side equity analysts covering the name.
- What is the analyst rating consensus on AA?
- In the October 2026 monthly count, 13 analysts rated AA, and the distribution tilts to the Buy side: 1 Strong Buy, 8 Buy, 3 Hold, 0 Sell and 1 Strong Sell. Rating consensus moves slowly relative to price; it reflects sell-side conviction over a 12-month horizon rather than near-term momentum.
- What recent ratings actions has AA seen?
- The five most recent ratings actions on AA appear on the page above. Sell-side rating changes are watched for two reasons: an upgrade or downgrade with a meaningful target revision moves the consensus and can trigger short-term positioning shifts, and the firm-level rating cluster (multiple firms moving in the same direction within a short window) is a clearer signal than any single action. Options markets often price the implied-vol response within minutes of the announcement.
- How do analyst targets affect AA options pricing?
- Analyst target revisions tend to be priced in by the lit options market within minutes of publication, but persistent target drift over weeks does correlate with implied-volatility movement. Aggressive target hikes from multiple firms inside a single quarter tighten put skew (downside protection becomes cheaper relative to upside speculation); aggressive cuts widen put skew. The most actionable read is the implied-vol response in the hours after a target change, which is visible on the per-ticker volatility skew page.