Argus keeps Hold on Alcoa stock as profit reaches USD 483 million

Published on 10/25/2026 at 02:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Alcoa reported USD 483 million in third-quarter net income, up from USD 232 million. Alcoa stock has a USD 50.00 analyst target.

Profit and analyst views

Argus reaffirmed a Hold rating on October 22, 2026.
Third-quarter net income reached USD 483 million, up from USD 232 million a year earlier.
Alcoa ended the third quarter with USD 4.4 billion in cash.

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Alcoa Corporation (US0138721065) reported USD 483 million in net income for the third quarter of 2026, compared with USD 232 million a year earlier. On October 22, 2026, MarketBeat reported that Argus had reaffirmed a Hold rating on Alcoa.

Profit rose while revenue fell

According to Alcoa in its October 15, 2026 release, third-quarter revenue was USD 3.704 billion, down 7.00 percent sequentially from USD 3.966 billion in the second quarter. Diluted GAAP earnings per share reached USD 1.81, up from USD 1.53 in the prior quarter, while adjusted earnings per share fell to USD 1.82 from USD 2.12.

Cash generation remained a central strength. Alcoa produced USD 643 million in operating cash flow and USD 472 million in free cash flow during the third quarter, ending September 2026 with USD 4.4 billion in cash. Adjusted EBITDA excluding special items was USD 789 million, down from USD 901 million in the second quarter.

What does the target signal?

Markets Insider reported on October 19, 2026 that Morgan Stanley maintained a Hold rating and set a USD 50.00 price target. The target sits above the USD 37.91 NYSE close on October 23, 2026, while the finance profile places Alcoa's 52-week range at USD 35.12 to USD 84.38.

Three dates frame the story

On September 23, 2026, Alcoa completed USD 2.6 billion of debt financing for the AliGroup acquisition. On October 15, 2026, third-quarter net income reached USD 483 million. On October 22, 2026, Argus reaffirmed its Hold rating, according to MarketBeat.

The next dated shareholder events are October 27, 2026, the dividend record date, and November 13, 2026, the scheduled USD 0.10 per-share dividend payment, as reported by FinChannel.

Stock context for investors

The last available Frankfurt quote was EUR 34.00 on October 23, 2026. Alcoa's operating picture combines higher year-over-year profit with lower sequential revenue and adjusted EBITDA, leaving alumina prices, production stability and acquisition financing as the key variables for the next update. The further course of trading is shown by the continuously updated real-time quote of Alcoa stock.