UBS Rates Alcoa (AA) buy, $68 Price Target
UBS analyst Daniel Major keeps a buy rating on Alcoa Corporation with a $68 price target, standing out among a mixed backdrop of Wall Street outlooks, a 44.96% upside from the current price.
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UBS rated Alcoa Corporation ($AA) "buy" with a $68 price target on June 30, 2026.
Since the rating, $AA is down 6.0% after 1 week, down 13.8% after 1 month and down 20.4% to date (from the $52.04 close on Jun 30, 2026).
AA
Alcoa Corporation
Key Points
- UBS analyst Daniel Major reiterated a buy rating on Alcoa Corporation on June 30, 2026, setting a price target of $68.
- UBS's $68 price target implies 44.96% upside from Alcoa Corporation's ($AA) current $46.91 share price.
- Alcoa Corporation shares trade near $46.91, with a trailing P/E ratio of 8.62 and a forward P/E ratio of 7.05.
- The wider analyst community holds a consensus buy recommendation on the stock with a mean price target of $59.75 across 13 opinions.
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UBS Keeps Buy Rating on Alcoa Corporation Stock
UBS analyst Daniel Major reiterated a buy rating on Alcoa Corporation NYSE: AA on June 30, 2026, keeping a price target of $68. The call places the firm on the higher end of expectations compared to several peers who have recently adjusted their outlooks on the aluminum producer.
UBS vs. the S&P 500
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$AA price target
Alcoa Corporation daily closes and this analyst's $68 target. Not advice.
How UBS Stacks Up Against Wall Street
The broader analyst community shows a variety of views on Alcoa Corporation. On October 14, 2026, Barclays initiated coverage with an Overweight rating and a $55 price target. Earlier in October, both JP Morgan and Morgan Stanley maintained neutral stances, setting targets at $50. Freedom Broker took a more bullish stance on September 22, 2026, keeping a buy rating and lifting its target to $76. Wells Fargo adjusted its view on September 18, 2026, maintaining an Overweight rating while moving its target to $60. Argus Research trimmed its target to $55 on July 22, 2026, while keeping a buy rating. BMO Capital maintained a Market Perform rating with a $55 target on July 17, 2026, and JP Morgan kept a neutral rating with a $52 target on the same day. Overall, the stock carries a consensus recommendation of buy and a mean price target of $59.75 from 13 analysts.
Where Alcoa Corporation Stock Trades Today
Alcoa Corporation shares trade around $46.91. The company has a market value of roughly $10.67 billion and a trailing P/E ratio of 8.62, alongside a forward P/E of 7.05. The stock trades within a 52-week range spanning from $35.12 to $84.38.
Recent Earnings and Financial Health
Alcoa Corporation brought in $13.60 billion in revenue over the reporting period, showing a revenue growth rate of 31.4%. The company posted earnings of $4.69 per share, paired with a net margin of 9.39% and a return on equity of 18.23%. Investors will look toward the company's next scheduled earnings report on October 15, 2026, for updated figures on revenue and profitability.
What Alcoa Corporation Does
Alcoa Corporation engages in bauxite mining, alumina refining, and aluminum production. It processes bauxite into alumina for sale to aluminum smelter customers, casts primary aluminum in commodity and value-add forms, and generates electricity for wholesale and industrial markets. Headquartered in Pittsburgh, Pennsylvania, the company operates across global markets supporting transportation, construction, and packaging industries.
What to Watch at Alcoa Corporation
Investors tracking Alcoa Corporation will watch for the upcoming earnings release on October 15, 2026, to gauge margin trends and demand across its alumina and aluminum segments. Market participants will also monitor whether other brokerage firms update their targets to match the upper end of the range set by firms like UBS.
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Source: UBS's rating change on $AA (Jun 30, 2026). Written by software, not financial advice. How we make alerts