finance & technology•Sun, August 9, 2026•4 min read

Howmet Aerospace Soars: Why Analysts Are Raising Price Targets for HWM

Howmet Aerospace has officially updated its fiscal year 2026 earnings guidance, signaling strong confidence in its growth trajectory. With major markets showing double-digit gains, Wall Street is responding with increased optimism and higher price targets for the stock.

A Strong Performance in 2026

Howmet Aerospace (NYSE: HWM) has become a focal point for investors as the company continues to report impressive growth across its key sectors. Following a strong second quarter in 2026, which saw revenue hit $2.55 billion—a 24% increase year-over-year—the company has updated its outlook for the remainder of the fiscal year.

The company’s growth is fueled by a perfect storm of demand across commercial aerospace, defense, and gas turbines. With Adjusted EPS reaching $1.33 for the second quarter, Howmet is signaling that its operational efficiency and market positioning are paying off.

Updated Guidance and Market Outlook

In its recent update, Howmet Aerospace provided an EPS guidance range of 5.230–5.310 for fiscal year 2026, surpassing consensus estimates of 5.060. Additionally, the company projected revenue between $10.0 billion and $10.1 billion, well ahead of the anticipated $9.7 billion consensus.

Commercial Aerospace: 28% growth in Q2.
Gas Turbines: 38% growth in Q2.
Defense Aerospace: 11% growth in Q2.
Record backlogs in commercial aircraft production supporting long-term demand.

CEO John Plant highlighted that all major markets are in 'growth mode,' bolstered by engine spare needs and record backlogs for commercial aircraft. While institutional investors like Hennion & Walsh Asset Management have recently increased their holdings, others, such as NewEdge Advisors LLC, have opted for slight rebalancing.

Wall Street’s Bullish Sentiment

The market reaction has been swift. Analysts at Susquehanna recently adjusted their price objective for HWM, moving it from $330.00 to $340.00 while maintaining a 'positive' rating. This adjustment reflects a confidence in the company's ability to maintain its current momentum in a volatile economic climate.

Looking ahead, Howmet is well positioned, with all our major markets in growth mode. More robust build rates for commercial aircraft are supported by record backlogs, while engine spares needs continue to increase.
— John Plant, CEO of Howmet Aerospace

Key Takeaways

Howmet Aerospace raised its FY 2026 revenue guidance to a range of $10.0–$10.1 billion.
The company reported a 24% year-over-year revenue increase in Q2 2026.
Susquehanna boosted the stock's price target to $340.00, citing strong potential upside.
Growth is led by double-digit surges in the commercial aerospace and gas turbine segments.
Management attributes success to record backlogs and consistent demand for engine spares.

FAQ

What is Howmet Aerospace's updated EPS guidance for 2026?

The company provided an updated EPS guidance range of 5.230–5.310 for fiscal year 2026.

Which markets are driving Howmet Aerospace's growth?

The growth is primarily driven by the commercial aerospace, defense, and gas turbines markets.

What is the current analyst sentiment for HWM stock?

Analysts, including those at Susquehanna, have expressed a positive outlook, with price targets recently raised to $340.00.

How did Q2 2026 revenue compare to the previous year?

Q2 2026 revenue was $2.55 billion, marking a 24% increase compared to the same period in the prior year.