H.C. Wainwright Raises Price Target for Alto Ingredients (ALTO) Amid Return to Profitability
On May 7, H.C. Wainright analyst Amit Dayal raised the price target on Alto Ingredients Inc. (NASDAQ: ALTO) from $5.50 to $10 and maintained a Buy rating due to improved profitability in Q1 2026. The company reported net income of $4 million compared to a loss of $12 million in the same period last year, with adjusted EBITDA turning positive at $4.7 million.
Tickers: $ALTO
Topics: analyst upgrade profitability recovery stock analysis