Why ATI Stock Was Crushing It This Week

Core Insights - The company significantly exceeded consensus estimates for third-quarter profitability, leading to a notable increase in stock price [1] - The aerospace and defense segment was a major contributor to revenue growth, with a 21% increase year-over-year [2] - The company raised its full-year 2025 earnings guidance, reflecting increased confidence in future performance [5] Financial Performance - Total sales for the quarter reached $1.13 billion, a 7% increase year-over-year [2] - Net profit was reported at over $119 million ($0.85 per share), representing a 12% increase compared to the same quarter last year [4] - The company beat average analyst estimates, which were $1.12 billion in revenue and $0.73 for non-GAAP net income [4] Analyst Reactions - Following the strong performance, analysts raised their price targets for the company's stock, with Susquehanna increasing its target by 20% to $120 per share and Deutsche Bank raising its target to $117 [7]