Freedom Broker Cuts Alcoa (AA) Price Target to $62
Key Points
- Freedom Broker kept its Buy rating on Alcoa Corporation on October 20, 2026, while reducing its price target to $62 from $76.
- Freedom Broker's $62 price target implies 60.46% upside from Alcoa Corporation's ($AA) current $38.64 share price.
- Alcoa shares recently traded around $38.64, sitting well below their 50-day and 200-day moving averages.
- Other Wall Street firms including Citigroup and B. Riley Securities also issued rating updates on Alcoa on October 20, 2026.
Since the rating, $AA is down 4.9% to date (from the $40.79 close on Oct 20, 2026).
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Freedom Broker maintained its Buy rating on Alcoa Corporation NYSE: AA on October 20, 2026, while lowering its price target from $76 to $62. Alcoa closed at $40.79 on the day of the research note.
AA
Alcoa Corporation
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Freedom Broker's Call on Alcoa Corporation
In its research note on October 20, 2026, Freedom Broker kept a Buy rating on Alcoa while lowering its target from $76 to $62. The firm's updated target still sits well above where the stock recently trades, highlighting upside potential according to the firm's forward-looking outlook. Alcoa did not carry a rating change from this firm prior to the October update.
Other Institutional Activity in Alcoa Corporation
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, ending with 4,086,691 shares valued at roughly $157,848,439.
Alcoa Corporation Stock Down 5.3%
Alcoa recently traded around $38.64 as of October 22, 2026. That puts the stock down about 5.3% from its $40.79 close on October 20. The shares trade below their 50-day moving average of $46.26 and their 200-day moving average of $57.28.
$AA price target
Alcoa Corporation daily closes and this analyst's $62 target. Not advice.
Recent Earnings
Alcoa reported trailing twelve month revenue of $14.31 billion and earnings of $5.75 per share. The company posted a net profit margin of 10.7% and a return on equity of 20.6%.
Dividend
Alcoa pays an annual dividend rate of $0.40 per share with a dividend yield of 0.98%. The payout ratio stands at 8.3%.
Insider Buying and Selling at Alcoa Corporation
Company insiders completed several transactions prior to the rating update. Chief Operating Officer Matthew T. Reed sold 4,600 shares on July 22, 2026, at an average price of $46.82 for a total of $215,372. General Counsel Andrew Hastings sold 6,000 shares on August 17, 2026, at $50.90 per share for a total of $305,412. Officer Tammi A. Jones sold 15,628 shares on August 27, 2026, at $50.60 for a total of $790,733. Officer Renato Bacchi sold 700 shares on August 31, 2026, at $51.02 for a total of $35,714.
Analysts Set New Price Targets
On October 7, 2026, JP Morgan maintained a Neutral rating and lowered its target from $52 to $50. Barclays initiated coverage on October 14, 2026, with an Overweight rating and a $55 price target. On October 20, 2026, Citigroup maintained a Buy rating and lowered its target from $76 to $56. B. Riley Securities maintained a Buy rating on October 20, 2026, while trimming its target from $80 to $63. Overall, the stock carries a consensus Buy rating and a mean price target of $55.90 across 13 analyst opinions.
About Alcoa Corporation
Headquartered in Pittsburgh, Pennsylvania, Alcoa Corporation engages in bauxite mining, alumina refining, and aluminum production worldwide. The company operates through its Alumina and Aluminum segments to supply essential materials for various industrial markets.
Bottom Line
Investors will watch how Alcoa trades relative to Freedom Broker's $62 price target as the next earnings report approaches on January 21, 2027.
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Source: Freedom Broker's rating change on $AA (Oct 20, 2026). Written by software, not financial advice. How we make alerts