Howmet Aerospace Shares Rise on Analyst Buying‑Opportunity Call
Howmet Aerospace Inc. (NYSE:HWM) saw its share price increase by 3.3% on Tuesday, with the ticker also quoted as HWM+3.67%, after analysts highlighted the recent price weakness as a buying opportunity.
Bernstein SocGen Group analyst Douglas Harned maintained an Outperform rating on the stock and set a $328.00 price target. In his commentary, Harned referenced SpaceX’s announcement that the company intends to manufacture its own blades and vanes for industrial gas turbines as part of a plan to install 20 GW of behind‑the‑meter capacity for terrestrial AI data centers in Bastrop, Texas by the end of 2027. Harned argued that, assuming SpaceX proceeds with the build‑out, the move would represent vertical integration rather than the creation of a new industry supplier of forgings and castings, and he expressed skepticism that SpaceX could achieve volume production within the 18‑month timeframe needed to meet its power‑expansion goals. He concluded that Howmet’s stock decline on the SpaceX news creates a buying opportunity because Howmet has been able to maintain its lead position.
Separately, Citi analyst John Godyn reiterated a Buy rating on Howmet Aerospace, raised his price target to $329.00, and opened a 30‑day upside catalyst watch on the stock, reinforcing the positive view.
The combined analyst endorsements and the perception of a valuation gap contributed to the modest but notable share price appreciation observed on the day.