ATI Receives Buy Rating from J.P. Morgan

J.P. Morgan analyst Seth Seifman maintains a Buy rating on ATI with a $75.00 price target. The analyst consensus on ATI is a Strong Buy with an average price target of $85.75, which is a -4.83% downside from current levels. ATI's market cap is $12.68B and has a P/E ratio of 32.48.

Allegheny Technologies Incorporated (ATI) has been a subject of interest for investors, with recent market movements and analyst ratings providing insights into its potential. The stock closed the most recent trading day at $89.31, marking a 1.43% increase from the previous session [1]. This performance was notable as it exceeded the S&P 500's loss of 0.33% and the Dow's drop of 0.63%. The technology-dominated Nasdaq also saw a decrease of 0.22%.

Over the past month, ATI's shares have experienced a 4.66% increase, outpacing the Basic Materials sector's gain of 1.87% and the S&P 500's gain of 4.07% [1]. The company is expected to report earnings on July 31, 2025, with an EPS of $0.71, up 18.33% from the prior-year quarter. The Zacks Consensus Estimates project full-year earnings of $3.02 per share and revenue of $4.63 billion, indicating a 22.76% and 6.08% increase, respectively, from the preceding year [1].

J.P. Morgan analyst Seth Seifman maintains a Buy rating on ATI with a $75.00 price target. This rating is in line with the analyst consensus, which is a Strong Buy with an average price target of $85.75. The current market cap is $12.68 billion, and the P/E ratio stands at 32.48 [2]. This valuation marks a premium compared to its industry average Forward P/E of 20.17 [1].

Investors should also note ATI's valuation metrics. The company is currently trading at a Forward P/E ratio of 29.19, a PEG ratio of 1.18, and an Enterprise Value/Revenue ratio of 3.2x [2]. These metrics suggest that ATI is trading at a premium compared to its peers and industry averages.

The Steel - Speciality industry, to which ATI belongs, has a Zacks Industry Rank of 28, placing it in the top 12% of all 250+ industries [1]. This rank indicates strong performance relative to other industries.

In conclusion, Allegheny Technologies Incorporated presents a compelling investment opportunity with strong recent performance, favorable analyst ratings, and positive earnings projections. Investors should continue to monitor the company's earnings reports and analyst revisions for further insights into its future prospects.

References:
[1] https://www.nasdaq.com/articles/allegheny-technologies-ati-rises-market-takes-dip-key-facts
[2] https://simplywall.st/stocks/us/capital-goods/nyse-ati/ati/valuation