Howmet Aerospace Plunges 5.23% Despite Analyst Optimism

On April 3, 2025, Howmet Aerospace's stock price dropped by 5.23% in pre-market trading, marking a significant decline for the aerospace company.

Howmet Aerospace has been a standout performer for investors, with its stock price surging by 618% since March 2020, far outpacing the S&P 500's 122% gain during the same period. This impressive performance has made it a favorite among shareholders.

Despite the recent drop, analysts maintain a Moderate Buy rating for Howmet Aerospace, indicating continued confidence in the company's long-term prospects. The stock has shown remarkable resilience, with a total return of 99.93% over the past 12 months and a 5-year total return of 910.12%.

Goldman Sachs recently lifted their target price for Howmet Aerospace from $124.00 to $139.00, reaffirming their "buy" rating. This move suggests that the investment bank sees further upside potential for the stock, despite the recent volatility.