Howmet Aerospace (HWM) is showing bullish momentum with a positive MACD crossover and RSI levels indicating the stock is not overbought. The current price is near the Fibonacci pivot level, suggesting potential upward movement.
HWM has recently presented at a Bank of America conference, highlighting expectations for increased F-35 production and higher service volumes. The company also reported strong Q4 results, topping analyst estimates, and has seen analysts raise their price targets. Additionally, HWM is benefiting from growth in commercial aerospace and defense sectors, with a focus on fuel-efficient aircraft and expansion into energy markets.
Based on the bullish technical indicators and positive news sentiment, HWM is expected to reach a price of $132 in the next trading week. The stock is in a strong position for growth, and the current trend suggests a BUY recommendation.
The price of HWM is predicted to go up 5.16%, based on the high correlation periods with ATI. The similarity of these two price pattern on the periods is 91.56%.
HWM
ATI
Morgan Stanley
2025-02-19
Price Target
$125 → $155
Upside
+11.2%
Truist Securities
2025-02-14
Price Target
$130 → $140
Upside
+4.93%
JP Morgan
2025-02-14
Price Target
$125 → $130
Downside
-2.56%