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Carpenter Technology set for strong growth on aerospace and industrial demand, with a $645 price target.

Analyst Insights
02 Aug 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Carpenter Technology Corporation (CRS) is positioned for sustained, margin-enhancing growth driven by increasing aerospace production from Boeing and Airbus, alongside rising industrial demand from data centers and power infrastructure. Despite some challenges from product mix and a high valuation, CRS's strong balance sheet and disciplined capital management support ongoing organic growth. The analyst reiterates a Strong Buy rating with a $645 price target based on operational performance and margin expansion, valuing the company at a 23.99x EV/aEBITDA multiple for fiscal year 2029.

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