JPMorgan Chase & Co. Issues Positive Forecast for ATI (NYSE:ATI) Stock Price

Key Points

• JPMorgan raised its price target on ATI to $175 (from $150) and kept an "overweight" rating, implying about a 13.7% upside; the Street consensus remains a "Buy" with an average target near $163.38.
• ATI beat Q1 EPS ($1.00 vs. ~$0.88 est.), showed margin expansion, raised full‑year guidance (FY26 EPS 4.20–4.48) and cited a $4.1 billion backlog, though revenue narrowly missed estimates.
• The board authorized a $500 million share repurchase (≈2.5% of shares), signaling management confidence, but recent insider and some institutional selling has contributed to short‑term selling pressure.

ATI (NYSE:ATI - Get Free Report) had its price target raised by analysts at JPMorgan Chase & Co. from $150.00 to $175.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the basic materials company's stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 13.74% from the stock's current price.

Several other research firms have also commented on ATI. KeyCorp increased their price target on shares of ATI from $140.00 to $167.00 and gave the company an "overweight" rating in a research report on Thursday, April 9th. Alembic Global Advisors initiated coverage on shares of ATI in a research report on Thursday, January 15th. They issued an "overweight" rating and a $141.00 price objective for the company. Wells Fargo & Company initiated coverage on shares of ATI in a research report on Wednesday, April 1st. They issued an "overweight" rating and a $175.00 price objective for the company. Susquehanna increased their price objective on shares of ATI from $155.00 to $185.00 and gave the company a "positive" rating in a research report on Friday, April 10th. Finally, Wall Street Zen lowered shares of ATI from a "buy" rating to a "hold" rating in a research report on Sunday, February 15th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $163.38.

ATI Stock Down 1.0%

Shares of ATI stock traded down $1.60 during mid-day trading on Friday, hitting $153.86. 466,938 shares of the stock traded hands, compared to its average volume of 1,987,977. The stock has a market cap of $21.00 billion, a P/E ratio of 54.10, a P/E/G ratio of 1.45 and a beta of 1.00. The stock's fifty day moving average is $153.50 and its two-hundred day moving average is $125.57. ATI has a 52-week low of $62.41 and a 52-week high of $168.14. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.66 and a quick ratio of 1.27.

ATI (NYSE:ATI - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.88 by $0.12. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.19 billion. ATI had a net margin of 8.81% and a return on equity of 24.26%. The company's quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.72 earnings per share. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. Equities analysts predict that ATI will post 4.18 EPS for the current year.

ATI declared that its board has initiated a share repurchase program on Thursday, February 19th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the basic materials company to purchase up to 2.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.

Insider Transactions at ATI

In other ATI news, Director David J. Morehouse sold 6,609 shares of the firm's stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $154.25, for a total transaction of $1,019,438.25. Following the completion of the transaction, the director directly owned 38,168 shares of the company's stock, valued at approximately $5,887,414. This trade represents a 14.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.98% of the company's stock.

Hedge Funds Weigh In On ATI

A number of institutional investors have recently bought and sold shares of ATI. True Wealth Design LLC raised its position in ATI by 642.9% during the 4th quarter. True Wealth Design LLC now owns 260 shares of the basic materials company's stock worth $30,000 after buying an additional 225 shares during the last quarter. Meeder Asset Management Inc. grew its stake in shares of ATI by 2,010.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company's stock worth $34,000 after purchasing an additional 402 shares during the period. Prestige Wealth Management Group LLC acquired a new stake in shares of ATI during the 3rd quarter worth approximately $34,000. Allworth Financial LP grew its stake in shares of ATI by 50.8% during the 3rd quarter. Allworth Financial LP now owns 534 shares of the basic materials company's stock worth $43,000 after purchasing an additional 180 shares during the period. Finally, Torren Management LLC acquired a new stake in shares of ATI during the 4th quarter worth approximately $52,000.

Key Headlines Impacting ATI

Here are the key news stories impacting ATI this week:

• Positive Sentiment: BTIG raised its price target on ATI from $165 to $180 and reiterated a Buy rating, implying meaningful upside versus the current stock level. This analyst upgrade supports continued bullish sentiment. Benzinga The Fly
• Positive Sentiment: Q1 results beat on EPS (adjusted EPS $1.00 vs. ~$0.88 est.), showed margin expansion (adjusted EBITDA margin ~20.1%) and stronger aerospace demand; management raised full‑year adjusted earnings/cash‑flow guidance and cited a $4.1B backlog—fundamentals that support earnings growth. Press Release MSN
• Neutral Sentiment: Earnings call transcripts and market write-ups are available for investors parsing details (guidance range for Q2 and FY26 roughly in line with expectations). These items provide color but are unlikely to move the stock materially by themselves. Seeking Alpha Transcript Yahoo Earnings Summary
• Neutral Sentiment: Analyst and media coverage (Zacks, MarketBeat summaries) is dissecting key metrics vs. estimates—useful for modeling but mixed in directional impact. Zacks
• Negative Sentiment: Top-line slightly missed expectations (Q1 revenue $1.15B vs. ~$1.19B est.), which may temper enthusiasm despite the EPS beat and margin gains. MarketBeat
• Negative Sentiment: Short-term selling pressure and positioning ahead of earnings (a prior ~5% slide) plus heavy insider selling and some large institutional reductions have likely contributed to today’s weaker trade. These flow/fundamental exits can amplify volatility. Quiver Quant

ATI Company Profile

Allegheny Technologies Incorporated (ATI) is a global manufacturer of specialty materials and complex components, serving aerospace, defense, oil and gas, chemical processing, medical and other industrial end markets. The company operates through two main segments: High Performance Materials & Components, which produces titanium and nickel-based alloys, stainless and specialty steels, and precision forgings; and Flat-Rolled Products, which supplies stainless steel, nickel and specialty alloy sheet, strip and precision-rolled plate.

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