What is HWM stock price target for 2026?

WallStSmart's 12-month price target for Howmet Aerospace Inc is $133.89, representing 44.9% downside from the current price of $243.04.

What is HWM stock forecast?

Howmet Aerospace Inc forecast includes bull, base, and bear case scenarios from 2026 through 2030. Revenue and EPS projections are derived from analyst consensus and conservative extrapolation with growth deceleration for outer years.

HWM

Howmet Aerospace Inc

NYSE MKT: HWM · INDUSTRIALS · AEROSPACE & DEFENSE

$243.04

+2.76% today

Updated 2026-04-30

Market cap

$94.83B

P/E ratio

63.75

P/S ratio

11.49x

EPS (TTM)

$3.71

Dividend yield

0.18%

52W range

$150 – $267

Volume

2.3M

Market cap

$94.83B

P/E ratio

63.75

P/S ratio

11.49x

EPS (TTM)

$3.71

Dividend yield

0.18%

52W range

$150 – $267

Volume

2.3M

Howmet Aerospace Inc (HWM) Financial Forecast & Price Target 2030

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

Price target summary

Current

$243.04

Consensus

$243.21

+0.07%

2030 Target

$442.09

+81.90%

DCF

—

Current price

$243.04

Analyst consensus

$243.21

+0.07%

2030 Target

$442.09

+81.90%

Intrinsic (DCF)

—

14 analysts:

4 Buy3 Hold0 Sell

Management guidance

CEO John Plant highlighted capacity expansion and AI-driven manufacturing efficiency at the Bank of America Global Industrials Conference (March 2026), signaling confidence in sustained demand across aerospace, defense, and industrial gas turbines. No specific revenue dollar targets were disclosed, but management indicated strong organic growth trajectory driven by commercial aviation recovery and defense spending increases.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range

Bull case (2030)

$721.31

$14.7B Rev × 20x P/S

Base case (2030)

$442.09

$14.7B Rev × 12x P/S

Bear case (2030)

$302.48

$14.7B Rev × 8x P/S

Financial forecast — research-backed

Metric	2023	2024	2025	2026 (E)	2027 (E)	2028 (E)	2029 (E)	2030 (E)
Revenue	$6.6B	$7.4B	$8.3B	$9.3B	$10.5B	$11.8B	$13.2B	$14.7B
Revenue growth	—	11.9%	11.1%	13.3%	12.1%	12.1%	11.9%	11.8%
EPS	$1.85	$2.79	$3.77	$4.65	$5.54	$6.45	$7.35	$8.30
P/S ratio	—	—	—	12.0x	12.0x	12.0x	12.0x	12.0x
Implied price	—	—	—	$279.22	$302.48	$349.02	$395.56	$442.09

Catalysts & risks

Growth catalysts

+ Commercial aerospace recovery driving aftermarket and OEM demand for engineered components

+ U.S. defense spending increases and geopolitical tensions supporting defense propulsion unit growth

+ AI-driven manufacturing capacity expansion improving yields and margins

+ Boeing 737/787 production rate normalization creating sustained supplier demand

+ Superalloy and fastener content growth in next-generation aircraft platforms

Key risks

- Supply chain disruptions and long machine tool lead times constraining capacity expansion pace

- Raw material cost inflation (superalloys, specialty metals) pressuring margins

- Geopolitical uncertainty impacting defense spending or commercial aviation recovery timelines

- High valuation (62.9x P/E, 11.3x P/S) leaves limited margin for miss

- Insider selling by senior executives despite institutional buying signals mixed confidence

Methodology

Howmet Aerospace Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 14 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 6, 2026.