WallStSmart
CRS

Carpenter Technology Corporation

NYSE: CRS · INDUSTRIALS · METAL FABRICATION

$406.53
-5.05% today

Updated 2026-04-29

Market cap
$21.33B
P/E ratio
49.73
P/S ratio
7.24x
EPS (TTM)
$8.61
Dividend yield
0.19%
52W range
$198 – $459
Volume
0.7M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Carpenter Technology Corporation (CRS) Financial Forecast & Price Target 2030

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

Price target summary

Current
$406.53
Consensus
$394.00
-3.08%
2030 Target
$1,144.98
+181.65%
DCF
—
—
7 analysts:
3 Buy1 Hold0 Sell

Management guidance

No specific CEO revenue targets for 2026-2030 disclosed in available materials. Company has announced leadership transition with Brian Malloy becoming CEO on July 1, 2026, but forward guidance is limited. Recent strong operational performance (Q2 2026: 8% YoY revenue growth, record operating income) and aerospace demand tailwinds suggest continued momentum, but no quantified multi-year targets provided.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$1,934.62
$4.8B Rev × 20x P/S
Base case (2030)
$1,144.98
$4.8B Rev × 12x P/S
Bear case (2030)
$750.16
$4.8B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$2.6B$2.8B$2.9B$3.1B$3.5B$3.9B$4.3B$4.8B
Revenue growth—8.2%4.3%9.0%10.5%11.0%11.2%11.0%
EPS—$4.74$4.76$10.42$12.07$13.95$15.80$17.75
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$750.16$829.12$947.57$1,026.53$1,144.98

Catalysts & risks

Growth catalysts
+ Sustained aerospace and defense demand: Global superalloys market projected to grow 8.5% CAGR to $23.06B by 2036; Carpenter is key beneficiary of wide-body aircraft production recovery and MRO activity
+ Specialty alloys capacity expansion: Brownfield expansion project underway to increase production capacity in high-margin superalloys and specialty materials for jet engines
+ New CEO leadership (Brian Malloy, July 2026): COO transition to CEO with decade+ of commercial operations experience; potential for accelerated growth initiatives and strategic portfolio optimization
+ Additive manufacturing and emerging markets: Positioning in 3D printing, EV battery components, and medical implants represents long-term TAM expansion beyond traditional aerospace/defense
+ Strong backlog and order momentum: Q2 2026 demonstrated robust new orders and backlog visibility, indicating sustained revenue pipeline through 2027-2028
Key risks
- Raw material volatility: Nickel, cobalt, and specialty element price fluctuations impact input costs and margins; geopolitical supply chain disruptions (rare earth elements)
- Aerospace demand cyclicality: Over-reliance on commercial aviation and defense budgets; potential recession or airline capex pullback could compress orders and backlog conversion
- Premium valuation multiple compression: Current P/E 45.5x and forward P/E 32.7x well above historical averages; 160%+ YoY stock appreciation leaves limited margin of safety; recent 5-7% pullback signals valuation sensitivity
- Competitive intensity and margin pressure: Competition from ATI, Haynes International, and others in superalloys market; customer consolidation in aerospace could drive pricing pressure
- Leadership transition execution risk: New CEO starts July 2026; unproven ability to deliver on growth expectations or maintain operational momentum during transition period

Methodology

Carpenter Technology Corporation's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 7 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.