ATI (NYSE:ATI) Price Target Cut to $250.00 by Analysts at BTIG Research

Key Points

• BTIG Research cut ATI’s price target from $270 to $250 while maintaining a “buy” rating, implying approximately 42.9% upside from the stock’s reported $174.98 price.
• ATI reported strong quarterly results, with revenue rising 26% year over year to $1.42 billion and adjusted EPS of $1.46 exceeding expectations; management also raised its full-year 2026 EBITDA and EPS guidance.
• Analyst sentiment remains broadly positive, with MarketBeat reporting an average “Buy” rating and $221.38 consensus target, though insiders have sold shares recently and one ratings firm downgraded the stock to “Hold.”

ATI (NYSE:ATI - Get Free Report) had its price target decreased by BTIG Research from $270.00 to $250.00 in a report released on Friday, Benzinga reports. The brokerage presently has a "buy" rating on the basic materials company's stock. BTIG Research's price target would suggest a potential upside of 42.87% from the stock's current price.

ATI has been the subject of several other reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $262.00 price objective on shares of ATI in a research note on Monday, August 10th. Weiss Ratings downgraded ATI from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday. Susquehanna increased their price target on ATI from $215.00 to $265.00 and gave the company a "positive" rating in a report on Friday, August 7th. Wells Fargo & Company lowered their price target on ATI from $275.00 to $240.00 and set an "overweight" rating for the company in a research report on Wednesday, September 30th. Finally, TD Cowen raised their price target on ATI from $170.00 to $210.00 and gave the stock a "buy" rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, ATI presently has an average rating of "Buy" and an average target price of $221.38.

ATI Stock Performance

ATI stock opened at $174.98 on Friday. The company's 50-day moving average price is $191.31 and its 200-day moving average price is $172.78. The company has a quick ratio of 1.14, a current ratio of 2.33 and a debt-to-equity ratio of 0.91. The company has a market cap of $23.83 billion, a PE ratio of 51.31, a price-to-earnings-growth ratio of 0.98 and a beta of 0.99. ATI has a twelve month low of $93.11 and a twelve month high of $243.57.

ATI (NYSE:ATI - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The basic materials company reported $1.46 EPS for the quarter, beating analysts' consensus estimates of $1.37 by $0.09. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.32 billion. ATI had a net margin of 10.09% and a return on equity of 29.27%. The firm's revenue for the quarter was up 26.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 EPS. On average, equities research analysts forecast that ATI will post 5.13 EPS for the current fiscal year.

Insider Buying and Selling

In related news, VP Timothy Harris sold 9,000 shares of the business's stock in a transaction on Monday, September 21st. The stock was sold at an average price of $191.82, for a total transaction of $1,726,380.00. Following the completion of the transaction, the vice president owned 88,187 shares in the company, valued at $16,916,030.34. The trade was a 9.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Morehouse sold 2,485 shares of the company's stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $201.61, for a total value of $501,000.85. Following the completion of the transaction, the director directly owned 35,826 shares in the company, valued at $7,222,879.86. This trade represents a 6.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 85,830 shares of company stock valued at $18,046,361. Insiders own 0.98% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ATI. BlackRock Inc. purchased a new position in shares of ATI in the 2nd quarter worth approximately $3,687,529,000. Bank of America Corp DE acquired a new stake in shares of ATI during the second quarter worth $348,285,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of ATI by 231.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,203,726 shares of the basic materials company's stock valued at $175,094,000 after buying an additional 840,455 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of ATI during the second quarter valued at $168,996,000. Finally, Artemis Investment Management LLP grew its holdings in shares of ATI by 1.5% during the third quarter. Artemis Investment Management LLP now owns 854,431 shares of the basic materials company's stock valued at $161,829,000 after buying an additional 12,938 shares during the last quarter.

Trending Headlines about ATI

Here are the key news stories impacting ATI this week:

• Positive Sentiment: ATI reported third-quarter sales of $1.42 billion, up 26% year over year and ahead of the roughly $1.32 billion analyst estimate. GAAP diluted EPS rose to $1.37 from $0.78, while adjusted EPS of $1.46 exceeded consensus estimates of approximately $1.36-$1.37. ATI Announces Third Quarter 2026 Results
• Positive Sentiment: Profitability improved materially: adjusted EBITDA climbed 46% to $328 million, and the margin expanded to 23.0% from 20.0%. ATI also exceeded the high end of its quarterly adjusted EBITDA guidance by $13 million. ATI reports third-quarter sales and raises guidance
• Positive Sentiment: Management raised full-year 2026 adjusted EBITDA guidance to $1.19 billion-$1.20 billion from $1.135 billion-$1.185 billion and increased adjusted EPS guidance to $5.17-$5.23 from $4.90-$5.18. Fourth-quarter adjusted EBITDA is expected at $345 million-$355 million. ATI boosts fiscal-year outlook
• Positive Sentiment: Growth was supported by aerospace and defense demand, pricing and product mix. High Performance Materials & Components sales rose 20%, while AA&S sales increased 34%. ATI also repurchased $70 million of stock during the quarter. ATI third-quarter revenue and EPS report
• Neutral Sentiment: Institutional positioning was mixed in the latest reported quarter: BlackRock added shares, while Viking Global, Capital International and D.E. Shaw reduced holdings. A median analyst price target cited in recent coverage was $211.
• Negative Sentiment: Insider trading data showed 31 open-market sales and no purchases over the past six months, including sales by CEO Kimberly A. Fields. These transactions may weigh modestly on sentiment, although they do not offset the stronger earnings and guidance signals.

ATI Company Profile

ATI Inc NYSE: ATI is a specialty materials and components manufacturer serving demanding applications in the aerospace and defense, medical, energy, and industrial markets. The company develops and produces materials designed to perform in high-temperature, high-strength, and corrosion-resistant environments.

Its products include nickel-based superalloys, titanium and titanium-based materials, specialty steels, precision-rolled materials, forgings, and other engineered components. These products are used in aircraft engines and airframes, defense systems, medical implants and devices, power-generation equipment, and other industrial applications.

ATI was formed in 1996 through the combination of Allegheny Ludlum Corporation and Teledyne, Inc The company serves customers in the United States and international markets through manufacturing and processing operations across North America and Europe.

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