Should You Buy Kennametal Inc (KMT) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/30
KMT is not a good buy right now. The stock is extended near resistance with short-term overbought conditions, options are pricing elevated risk, and Wall Street price targets (~$28) sit well below the current ~$34.81 (implying meaningful downside). With earnings on 2026-02-04 pre-market, the near-term risk/reward is unfavorable for an impatient buyer.
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Technical Analysis
Trend is bullish but stretched. Moving averages are strongly bullish (SMA_5 > SMA_20 > SMA_200), confirming an uptrend. MACD histogram is positive (0.0584) but “positively contracting,” suggesting upside momentum is fading. RSI(6)=73.87 signals a short-term overbought/extended condition. Price (~34.81) is above the pivot (34.223) and close to resistance R1 (34.953) and R2 (35.403); upside looks capped unless it cleanly breaks above ~35, while support sits near 34.22 then 33.49.
Analyst Ratings and Price Target Trends
Recent trend: analysts raised price targets (mostly $21–$25 up to ~$28), but ratings remain cautious (Goldman Sell, JPM Underweight, UBS Neutral, Barclays Equal Weight). Pros: recognition of improved execution/inflection and pricing/tungsten benefits; demand outlook described as firmer in parts of multi-industry. Cons: despite better results, the Street still does not endorse upside at current prices—targets cluster at ~$28 and key shops maintain negative/neutral ratings, implying the stock has run ahead of consensus fundamentals.
Other flows: Hedge funds and insiders are Neutral (no significant recent trends). Politicians/Congress: no recent congress trading data available.
Wall Street analysts forecast KMT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for KMT is 29.83 USD with a low forecast of 25 USD and a high forecast of 40 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.
Wall Street analysts forecast KMT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for KMT is 29.83 USD with a low forecast of 25 USD and a high forecast of 40 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.
Current: 34.290
Current: 34.290
