Morgan Stanley sets a USD 50.00 target for Alcoa stock

Published on 10/20/2026 at 20:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgan Stanley kept its Hold rating on October 19, 2026. Alcoa stock costs EUR 36.39 on October 20, 2026, 1.78 percent below the Xetra close.

Analyst target and earnings

Morgan Stanley kept a Hold rating and set a USD 50.00 target on October 19, 2026.
Alcoa reported USD 3.704 billion in third-quarter 2026 revenue and USD 483.00 million in net income.
Alcoa stock costs EUR 36.39 at Lang & Schwarz on October 20, 2026 at 8:02 p.m. CEST, 1.78 percent below the Xetra close of October 19, 2026.

AA, US0138721065, Illustration mit AI erstellt.

Alcoa Corporation stock (ISIN US0138721065) is trading at EUR 36.39 at Lang & Schwarz on October 20, 2026 at 8:02 p.m. CEST, 1.78 percent below the Xetra close of October 19, 2026 at EUR 37.05. Morgan Stanley analyst Carlos De Alba maintained a Hold rating and set a USD 50.00 price target on October 19, 2026, Markets Insider reported.

Alcoa's third-quarter results provide the latest operating benchmark. In its October 15, 2026 release, Alcoa reported USD 3.704 billion in revenue, down 7.00 percent from USD 3.966 billion in the second quarter. Net income attributable to Alcoa rose to USD 483.00 million from USD 407.00 million, while adjusted net income fell to USD 485.00 million from USD 562.00 million.

Target leaves room above the stock

The Morgan Stanley target is USD 9.08, or 22.19 percent, above Alcoa's USD 40.92 primary-market price at 2:04 p.m. ET on October 20, 2026. The calculation uses the NYSE quote and the USD 50.00 target, keeping the comparison in one currency.

The rating itself is cautious rather than bullish. Morgan Stanley kept Hold, while the latest quarter showed a split picture: GAAP net income improved, but adjusted earnings and revenue declined sequentially.

Price remains below its yearly high

Alcoa's USD 35.12 to USD 84.38 52-week range places the primary-market price USD 43.46 below the high and USD 5.80 above the low as of October 20, 2026. The company had a USD 10.8 billion market capitalization and a price-to-earnings ratio of 7.01 in the same market snapshot.

The stock's German euro quotation is also below the October 19 Frankfurt close used for the daily comparison. That move is smaller than the distance to the yearly high, so the broader range remains the more important chart reference.

What comes next for earnings

Alcoa's third-quarter report dated October 15, 2026 reaffirmed 2026 production projections of 9.5 million to 9.6 million metric tons for Alumina and 2.4 million to 2.6 million metric tons for Aluminum, Alcoa said. Those ranges frame the next operating update.

The company also said the AliGroup acquisition remained on track to close in the first half of 2027. That transaction was linked to USD 2.6 billion of financing obtained during the quarter and helps explain why cash and debt are central to the valuation discussion.

Alcoa stock and the next session

At Lang & Schwarz, Alcoa was trading at EUR 36.39 on October 20, 2026 at 8:02 p.m. CEST, 1.78 percent below the Frankfurt close of October 19, 2026 at EUR 37.05. The NYSE quote was USD 40.92 at 2:04 p.m. ET on October 20, 2026.

The further course of trading is shown by the continuously updated real-time quote of Alcoa stock.