Citigroup Cuts Alcoa (AA) Price Target to $56
Key Points
- Citigroup kept a Buy rating on Alcoa Corporation on October 20, 2026, while lowering its price target from $76.00 to $56.00.
- Citigroup's $56 price target implies 44.93% upside from Alcoa Corporation's ($AA) current $38.64 share price.
- Alcoa shares recently traded around $38.64, sitting roughly 31.0% below the new Citigroup target.
- The company reported trailing twelve-month revenue of $14.31 billion and an EPS of $5.75, with its next earnings report set for January 21, 2027.
Since the rating, $AA is down 4.9% to date (from the $40.79 close on Oct 20, 2026).
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Citigroup reiterated its Buy rating on Alcoa Corporation (NYSE: AA) on October 20, 2026, while lowering its price target to $56.00 from $76.00. According to research notes from the firm, the updated outlook comes as the aluminum producer navigates a shifting market environment.
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Alcoa Corporation
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Citigroup's Call on Alcoa
On October 20, 2026, Citigroup maintained its positive stance on the stock with a Buy rating while reducing the target price down from $76.00 to $56.00. Alcoa closed at $40.79 on the day of the rating adjustment. The stock has faced downward pressure over recent months, trading below several key technical thresholds.
Other Institutional Activity in Alcoa
Eagle Capital Management LLC reduced its holdings by 2,217,508 shares, ending with 11,879,807 shares worth about $458,857,545. AQR Capital Management, LLC cut its stake by 1,085,026 shares, finishing with 4,086,691 shares valued at around $157,848,439.
Alcoa Corporation Stock Down 5.3%
Alcoa recently traded around $38.64 as of October 22, 2026, sitting about 5.3% below its event-day close of $40.79. The shares trade well below their 50-day moving average of $46.26 and their 200-day moving average of $57.28. The stock's 52-week range spans from a low of $35.12 to a high of $84.38.
$AA price target
Alcoa Corporation daily closes and this analyst's $56 target. Not advice.
Recent Earnings
Alcoa posted trailing twelve-month revenue of $14.31 billion alongside basic earnings per share of $5.75. The company delivered a net profit margin of 10.7% and a return on equity of 20.6%. Investors look ahead to the next earnings release scheduled for January 21, 2027.
Dividend
Alcoa pays an annual dividend rate of $0.40 per share, giving the stock a dividend yield of 0.98%. The payout ratio sits at 8.3% of earnings.
Insider Buying and Selling at Alcoa Corporation
Chief Operating Officer Matthew T. Reed sold 4,600 shares on July 22, 2026, at an average price of $46.82 for a total value of $215,372. General Counsel Andrew Hastings disposed of 6,000 shares on August 17, 2026, at $50.90 per share, totaling $305,412. Officer Tammi A. Jones parted with 15,628 shares on August 27, 2026, at $50.60 per share for $790,733. Officer Renato Bacchi sold 700 shares on August 31, 2026, at $51.02 per share, amounting to $35,714.
Analysts Set New Price Targets
JP Morgan maintained a Neutral rating on Alcoa with a target of $50.00 down from $52.00 on October 7, 2026. Barclays initiated coverage with an Overweight rating and a $55.00 target on October 14, 2026. B. Riley Securities maintained a Buy rating on October 20, 2026, cutting its target from $80.00 to $63.00. Freedom Broker also kept a Buy rating on October 20, 2026, lowering its target to $62.00 from $76.00. Across Wall Street, the stock carries a consensus buy recommendation from 13 analysts with a mean price target of $55.90.
About Alcoa
Alcoa Corporation operates across the globe in the bauxite mining, alumina refining, and aluminum production sectors. Headquartered in Pittsburgh, Pennsylvania, the company manages assets from raw mining operations to finished metal production, supplying industrial markets worldwide.
Bottom Line
Citigroup remains positive on Alcoa despite lowering its price target to account for broader market pullbacks. Investors will monitor the company's operational execution and commodity price trends ahead of the next earnings report in January 2027.
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Source: Citigroup's rating change on $AA (Oct 20, 2026). Written by software, not financial advice. How we make alerts