ATI (NYSE:ATI) Stock Price Expected to Rise, BTIG Research Analyst Says

ATI (NYSE:ATI) had its price target boosted by stock analysts at BTIG Research from $180.00 to $270.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the basic materials company’s stock. BTIG Research’s price target indicates a potential upside of 21.31% from the company’s current price.

A number of other research analysts have also weighed in on the company. JPMorgan Chase & Co. raised their price objective on ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Zacks Research upgraded shares of ATI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. TD Cowen raised their price target on shares of ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Weiss Ratings upgraded shares of ATI from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $194.00 target price on shares of ATI in a research note on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $198.88.

ATI Price Performance

Shares of ATI stock opened at $222.57 on Friday. The business has a 50 day simple moving average of $191.35 and a two-hundred day simple moving average of $164.02. ATI has a 12 month low of $70.42 and a 12 month high of $236.98. The stock has a market capitalization of $30.37 billion, a P/E ratio of 73.70, a PEG ratio of 1.63 and a beta of 0.98. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.67 and a quick ratio of 1.17.

ATI (NYSE:ATI) last issued its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.20. ATI had a return on equity of 26.44% and a net margin of 9.26%.The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the company posted $0.74 earnings per share. The business’s revenue was up 10.6% on a year-over-year basis. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. As a group, analysts predict that ATI will post 4.49 EPS for the current fiscal year.

Insider Transactions at ATI

In related news, CEO Kimberly A. Fields sold 59,749 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the transaction, the chief executive officer owned 218,014 shares of the company’s stock, valued at approximately $39,039,766.98. This represents a 21.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders sold 192,199 shares of company stock worth $34,601,100. 0.98% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ATI. Bank of Nova Scotia boosted its holdings in shares of ATI by 92.9% in the 1st quarter. Bank of Nova Scotia now owns 467,149 shares of the basic materials company’s stock valued at $67,951,000 after buying an additional 224,949 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of ATI by 456.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 129,617 shares of the basic materials company’s stock valued at $14,875,000 after purchasing an additional 106,343 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of ATI in the first quarter valued at about $4,599,000. Precision Wealth Strategies LLC acquired a new stake in ATI in the first quarter valued at about $1,009,000. Finally, Illinois Municipal Retirement Fund purchased a new position in shares of ATI during the 1st quarter worth approximately $1,106,000.

Key ATI News

Here are the key news stories impacting ATI this week:

• Positive Sentiment: Quarterly results exceeded expectations. ATI reported second-quarter adjusted EPS of $1.23, above the $1.03 consensus estimate and up from $0.74 a year earlier. Revenue rose 11% to $1.26 billion, ahead of the $1.22 billion expected. GAAP EPS increased 56% year over year to $1.09, while net income rose 50% to $151 million. ATI Announces Second Quarter 2026 Results
• Positive Sentiment: Profitability improved significantly. Adjusted EBITDA climbed 37% to $284 million, and the margin expanded to 22.6% from 18.2%. Management said aerospace and defense sales increased 13%, while backlog reached $4.4 billion, up 18%, supporting expectations for continued demand. ATI Q2 2026 Sales Rise 11% to $1.26 Billion
• Positive Sentiment: Full-year guidance was raised substantially. ATI now expects 2026 adjusted EBITDA of $1.135 billion-$1.185 billion, adjusted EPS of $4.90-$5.18 and adjusted free cash flow of approximately $575 million at the midpoint. The prior EPS range was $4.20-$4.48, and the new outlook is above consensus. Third-quarter adjusted EPS guidance of $1.31-$1.37 also exceeds the $1.12 analyst estimate. ATI Targets 2026 EBITDA and Free Cash Flow
• Neutral Sentiment: Valuation and momentum may increase volatility. ATI is trading near its 52-week high and above its 50-day and 200-day moving averages, but its reported price-to-earnings ratio is elevated at about 74. The median analyst price target cited in recent coverage is $177.50, below the current trading level, although recent ratings remain positive.
• Negative Sentiment: Insider selling is a cautionary signal. Company insiders reported 26 open-market sales and no purchases over the past six months, including sales by CEO Kimberly A. Fields and Executive Chairman Robert S. Wetherbee. These transactions may reflect personal liquidity needs, but they could temper bullish sentiment.

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.