U.S. Stocks Close Lower on Friday, Dow Jones Falls 0.2%
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
- Market Performance Review: U.S. stocks closed mostly lower on Friday, with the Dow Jones falling approximately 0.2% to 49,359.33, indicating investor caution and contributing to a generally bearish market sentiment.
- Weekly Loss Overview: Last week, the S&P 500 dropped 0.4%, the Dow lost 0.3%, and the Nasdaq declined 0.7%, illustrating ongoing market pressure amid economic uncertainties that have affected investor confidence.
- Analyst Rating Dynamics: Benzinga's Analyst Ratings API offers high-quality stock ratings, and while the accuracy of market analysts varies, the platform's rating changes can provide valuable trading signals, aiding investors in making informed decisions in a volatile market.
- Stock Recommendation Updates: Analyst Ruben Roy maintained a Buy rating on nLIGHT Inc, raising the price target from $40 to $45, indicating an expected upside of about 3%, reflecting optimism regarding the company's future performance.
Analyst Views on ATI
Wall Street analysts forecast ATI stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ATI is 123.00 USD with a low forecast of 120.00 USD and a high forecast of 135.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 123.360
Low
120.00
Averages
123.00
High
135.00
Current: 123.360
Low
120.00
Averages
123.00
High
135.00
About ATI
ATI Inc. is a global manufacturer of technically advanced specialty materials and complex components. The Company produces specialty materials, highly differentiated by its materials science expertise and advanced process technologies. It produces high-performance materials and solutions for the global aerospace and defense markets, and has critical applications in electronics, medical and specialty energy. The Company’s segment includes High Performance Materials & Components (HPMC) and Advanced Alloys & Solutions (AA&S). The HPMC segment produces a wide range of high-performance materials, components, and advanced metallic powder alloys. These products are made from nickel-based alloys and superalloys, titanium and titanium-based alloys, and a variety of other specialty materials. The AA&S segment produces nickel-based alloys, titanium and titanium-based alloys, and specialty alloys in a variety of forms, including plate, sheet, and strip products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
