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

ATI (NYSE:ATI) had its target price raised by investment analysts at JPMorgan Chase & Co. from $150.00 to $175.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 13.74% from the company’s current price.

A number of other research firms have also recently issued reports on ATI. Wall Street Zen cut shares of ATI from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Alembic Global Advisors assumed coverage on shares of ATI in a research note on Thursday, January 15th. They issued an “overweight” rating and a $141.00 price target on the stock. BTIG Research lifted their price target on shares of ATI from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Friday. Zacks Research cut shares of ATI from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Finally, Wells Fargo & Company assumed coverage on shares of ATI in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $175.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $163.38.

ATI Stock Performance

Shares of NYSE ATI traded down $1.60 during midday trading on Friday, reaching $153.86. 466,938 shares of the stock were exchanged, compared to its average volume of 1,987,977. The firm has a market cap of $21.00 billion, a price-to-earnings ratio of 54.10, a PEG ratio of 1.45 and a beta of 1.00. ATI has a twelve month low of $62.41 and a twelve month high of $168.14. The firm has a 50-day simple moving average of $153.50 and a two-hundred day simple moving average of $125.57. The company has a quick ratio of 1.27, a current ratio of 2.66 and a debt-to-equity ratio of 0.90.

ATI (NYSE:ATI) last issued its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.12. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.19 billion. ATI had a net margin of 8.81% and a return on equity of 24.26%. The business’s revenue was up .6% on a year-over-year basis. During the same quarter last year, the company earned $0.72 EPS. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. As a group, analysts anticipate that ATI will post 4.18 EPS for the current fiscal year.

ATI declared that its board has approved a stock repurchase program on Thursday, February 19th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the basic materials company to buy up to 2.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at ATI

In other news, Director David J. Morehouse sold 6,609 shares of ATI stock in a transaction on Monday, March 9th. The stock was sold at an average price of $154.25, for a total transaction of $1,019,438.25. Following the transaction, the director owned 38,168 shares in the company, valued at $5,887,414. The trade was a 14.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.98% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ATI. Royal Bank of Canada raised its holdings in shares of ATI by 8.1% during the 1st quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock worth $3,140,000 after acquiring an additional 4,542 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of ATI by 49.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company’s stock worth $32,984,000 after acquiring an additional 209,480 shares during the period. Cetera Investment Advisers purchased a new position in shares of ATI during the 2nd quarter worth $324,000. M&T Bank Corp purchased a new position in shares of ATI during the 2nd quarter worth $317,000. Finally, First Trust Advisors LP raised its holdings in shares of ATI by 4.9% during the 2nd quarter. First Trust Advisors LP now owns 197,214 shares of the basic materials company’s stock worth $17,028,000 after acquiring an additional 9,234 shares during the period.

ATI News Summary

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

About ATI

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.