WallStSmart
ATI

Allegheny Technologies Incorporated

NYSE: ATI · INDUSTRIALS · METAL FABRICATION

$146.23
-3.61% today

Updated 2026-04-29

Market cap
$20.02B
P/E ratio
51.31
P/S ratio
4.37x
EPS (TTM)
$2.85
Dividend yield
—
52W range
$62 – $168
Volume
2.1M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Allegheny Technologies Incorporated (ATI) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$146.23
Consensus
$134.88
-7.76%
2030 Target
$606.64
+314.85%
DCF
—
—
8 analysts:
5 Buy0 Hold0 Sell

Management guidance

ATI management has guided to 21% adjusted free cash flow growth for 2026, targeting $430-$490M, driven by strong aerospace and defense market demand and proprietary product expansion. The company has announced a $500M multi-year share buyback program through 2027, signaling confidence in sustained revenue and cash flow growth. Specific revenue guidance for 2026-2030 was not found in available disclosures.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$1,020.92
$6.9B Rev × 20x P/S
Base case (2030)
$606.64
$6.9B Rev × 12x P/S
Bear case (2030)
$399.49
$6.9B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$7.5B$4.4B$4.6B$5.0B$5.5B$5.9B$6.4B$6.9B
Revenue growth—-42.2%5.2%9.4%8.6%8.3%8.1%8.0%
EPS$2.27$2.47$3.19$4.10$5.07$5.80$6.50$7.25
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$443.88$488.27$517.86$562.25$606.64

Catalysts & risks

Growth catalysts
+ Expanded titanium and nickel-based alloy contracts with Boeing and Airbus driving aerospace and defense revenue growth
+ Global air travel demand recovery and commercial aircraft production ramp supporting specialty materials demand
+ Additive manufacturing (3D printing) market expansion and integration with core specialty materials business
+ $500M share buyback program through 2027 demonstrating management confidence and supporting EPS growth
+ Strong free cash flow generation ($379.8M in 2025, +53.4% YoY) enabling reinvestment and shareholder returns
Key risks
- High valuation multiples (P/E 51.6x, P/S 4.42x) create vulnerability to earnings disappointment or multiple compression
- Significant insider selling and high debt-to-equity ratio (1.03x) limit upside flexibility
- Titanium and nickel commodity price volatility could compress margins despite contract inflation provisions
- Customer concentration risk with Boeing and Airbus as primary aerospace customers; supply chain disruptions could impact delivery
- Potential disruption from additive manufacturing adoption reducing demand for traditional specialty materials over medium term

Methodology

Allegheny Technologies Incorporated's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 8 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.