Wells Fargo cuts target for ATI stock from USD 275.00 to USD 240.00

Published on 10/06/2026 at 15:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 1.26 billion, up 10.60 percent year over year. ATI stock costs EUR 172.73 on October 6, 2026 versus EUR 172.40.

ATI, US01741R1023, Illustration mit AI erstellt.

Wells Fargo cut its ATI price target from USD 275.00 to USD 240.00 while maintaining an Overweight rating, according to MarketBeat on September 30, 2026. ATI stock was trading at EUR 172.73 at Lang & Schwarz on October 6, 2026, up 0.19 percent versus the prior close of EUR 172.40.

Target cut keeps the upside case

The Wells Fargo move leaves the target USD 240.00 above the latest US market reference of USD 193.09 dated October 5, 2026. The euro quotation and the US quotation are separate venue prices, so the Lang & Schwarz change is not combined with the NYSE move.

MarketBeat reported a consensus Buy rating and an average target of USD 227.62 on September 30, 2026. The same report listed nine Buy ratings, one Strong Buy rating and one Hold rating, giving the target cut a more cautious edge than the broader analyst balance.

Revenue reaches USD 1.26 billion

ATI reported revenue of USD 1.26 billion for the second quarter of 2026, up 10.60 percent from the same quarter a year earlier, according to MarketBeat on September 30, 2026. Management set third-quarter 2026 earnings-per-share guidance at USD 1.31 to USD 1.37 and full-year 2026 guidance at USD 4.90 to USD 5.18.

ATI describes itself as a producer of high-performance materials and solutions for aerospace, defense, electronics, medical and specialty-energy applications. Its investor-relations page sets 2027 sales targets of USD 5.2 billion to USD 5.4 billion and EBITDA targets of USD 1.0 billion to USD 1.2 billion, according to ATI.

Stock remains below its yearly high

ATI had a market capitalization of USD 26.4 billion and a 52-week range of USD 79.29 to USD 243.57 on October 6, 2026. The current US range places the stock below its yearly high, while the latest guidance and the Wells Fargo target provide two different measures of future expectations.