Why is Wall Street Bullish on Carpenter Technology (CRS)?

Carpenter Technology Corporation (NYSE:CRS) is one of the Best Performing NYSE Stocks According to Analysts. Wall Street is bullish on the stock despite the company missing revenue estimates for FQ4 2025 by $34.22 million. The stock has declined 2.74% since the announcement. Several analysts see this sell-off as a buying opportunity.

On August 1, JPMorgan kept an Overweight rating on Carpenter Technology Corporation (NYSE:CRS) after its earnings release with a price target of $305. The firm recommended investors use the post-earnings sell-off as a buying opportunity. The firm noted many positives from the earnings call, including bookings up 18% quarter-over-quarter and a rise in engine sales.

More recently, on August 4, BTIG analyst Andre Madrid raised the firm’s price target on the stock from $275 to $305, while maintaining a Buy rating on the stock. BTIG also noted that despite the sell-off, the backdrop remains strong for A&D materials suppliers.

Carpenter Technology Corporation (NYSE:CRS) manufactures and distributes specialty metals and alloys. It operates through two main segments, including the Specialty Alloys and Performance Engineered Products segment.

While we acknowledge the potential of CRS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.