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ATI slips after Investor Day despite new long-term growth targets

Investivoq PriceTracker

ATI Inc. (ATI) is down 3.6% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a pullback after ATI’s November 12 investor day, where management laid out ambitious 2029 targets and expansion plans but did not pair them with a clearly new near-term earnings catalyst. This could be because investors treated the event as a sell-the-news moment, especially with the broader market also trading weaker.

Details:

  • ATI used its investor day to introduce 2029 goals that include 10% to 12% annual revenue growth, higher EBITDA margins, and adjusted free cash flow of about $1.25 billion.
  • The company also announced added investment in nickel powder and zirconium sponge capacity, with those projects and previously announced expansions expected to support nearly $1 billion of incremental revenue when fully online in 2029.
  • Market reaction appears mixed rather than fundamentally negative, as at least one analyst note after the event raised its price target and highlighted stronger conviction in ATI’s specialty materials positioning.
  • With the stock having rallied sharply over the past year, today’s decline may reflect profit-taking and normal volatility after a strategy-heavy presentation instead of a clearly adverse company-specific development.

    • Sources:

    ATI Investor Relations, Stock Analysis, AP News

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $ATI Insider Trading Activity

    ATI Insider Trades

    $ATI insiders have traded $ATI stock on the open market 31 times in the past 6 months. Of those trades, 0 have been purchases and 31 have been sales.

    Here’s a breakdown of recent trading of $ATI stock by insiders over the last 6 months:

    • KIMBERLY A FIELDS (Chair, President and CEO) has made 0 purchases and 25 sales selling 177,044 shares for an estimated $33,976,253.
    • TIMOTHY J HARRIS (Senior VP and CDIO) has made 0 purchases and 5 sales selling 75,000 shares for an estimated $15,215,625.
    • DAVID J MOREHOUSE sold 2,485 shares for an estimated $501,000

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $ATI Hedge Fund Activity

    We have seen 493 institutional investors add shares of $ATI stock to their portfolio, and 358 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM removed 31,067,902 shares (-99.5%) from their portfolio in Q3 2026, for an estimated $5,884,260,638
    • BLACKROCK, INC. added 2,267,269 shares (+13.8%) to their portfolio in Q2 2026, for an estimated $446,878,719
    • VIKING GLOBAL INVESTORS LP removed 2,178,963 shares (-65.4%) from their portfolio in Q2 2026, for an estimated $429,473,607
    • SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. removed 1,483,253 shares (-100.0%) from their portfolio in Q3 2026, for an estimated $280,928,118
    • QUBE RESEARCH & TECHNOLOGIES LTD removed 1,425,995 shares (-66.5%) from their portfolio in Q3 2026, for an estimated $270,083,453
    • D. E. SHAW & CO., INC. removed 1,207,036 shares (-59.7%) from their portfolio in Q2 2026, for an estimated $237,906,795
    • JANE STREET GROUP, LLC removed 1,151,884 shares (-81.6%) from their portfolio in Q3 2026, for an estimated $218,166,829

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $ATI Analyst Ratings

    Wall Street analysts have issued reports on $ATI in the last several months. We have seen 6 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

    Here are some recent analyst ratings:

    • BTIG issued a "Buy" rating on 11/13/2026
    • Citigroup issued a "Buy" rating on 11/05/2026
    • Keybanc issued a "Overweight" rating on 10/08/2026
    • Wells Fargo issued a "Overweight" rating on 09/30/2026
    • Susquehanna issued a "Positive" rating on 08/07/2026
    • TD Cowen issued a "Buy" rating on 07/13/2026

    To track analyst ratings and price targets for $ATI, check out Investivoq's $ATI forecast page.

    $ATI Price Targets

    Multiple analysts have issued price targets for $ATI recently. We have seen 7 analysts offer price targets for $ATI in the last 6 months, with a median target of $240.0.

    Here are some recent targets:

    • Andre Madrid from BTIG set a target price of $260.0 on 11/13/2026
    • John Godyn from Citigroup set a target price of $229.0 on 11/05/2026
    • Michael Leshock from Keybanc set a target price of $228.0 on 10/08/2026
    • David Strauss from Wells Fargo set a target price of $240.0 on 09/30/2026
    • Charles Minervino from Susquehanna set a target price of $265.0 on 08/07/2026
    • Gautam Khanna from TD Cowen set a target price of $210.0 on 07/13/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.