Surge in Specialty Materials Stocks… Over 2 Trillion Won Added in a Day

ATI Inc., a specialty alloy manufacturer, saw its shares surge 6.6% on the New York Stock Exchange, closing at $157. Its market capitalization jumped to about $21.5 billion—an increase of more than $1.5 billion in a single day.

The stock now trades near its early-March record high in the $168 range, as investors bet on robust aerospace and defense demand and favorable earnings momentum.

For 2025, ATI guided to $4.6 billion in revenue and $850 million in EBITDA. It then set its 2026 adjusted EBITDA midpoint at $1 billion and expanded its share repurchase program to a total of $620 million, strengthening cash returns to shareholders.

After these updates, BTIG and Wells Fargo upgraded ATI from “Buy” to “Strong Buy,” raising their price targets up to $165. The consensus among 12 brokerages remains “Buy.”

Headquartered in Dallas, Texas, ATI produces titanium- and nickel-based superalloys and precision-forged components for aircraft engines and airframes, defense systems, and energy applications.

Although its high exposure to aerospace and defense underscores long-term growth potential, some analysts caution that its current valuation—around a 50× price-to-earnings ratio—and elevated cost of capital may pose challenges.