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What is Wall Street's Target Price for Alcoa Corp (AA) Stock Monday?

Monday, March 18, 2024 01:51 PM | InvestorsObserver Analysts

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What is Wall Street's Target Price for Alcoa Corp (AA) Stock Monday?

Wall Street is positive on Alcoa Corp (AA). On average, analysts give AA a Buy rating. The average price target is $32.208, which means analysts expect the stock to gain by 2.84% over the next twelve months. That average ranking earns AA an Analyst Rating of 15, which is better than 15% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3.2
Wall Street analysts are rating AA a Buy today. Find out what this means to you and get the rest of the rankings on AA!

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Alcoa Corp Stock Today?

Alcoa Corp (AA) stock is trading at $31.32 as of 1:36 PM on Monday, Mar 18, a gain of $0.88, or 2.89% from the previous closing price of $30.44. The stock has traded between $30.79 and $31.66 so far today. Volume today is low. So far 3,318,048 shares have traded compared to average volume of 6,076,147 shares. Click Here to get the full Stock Report for Alcoa Corp stock.

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