In this article, we will list the 5 Best Nickel Stocks to Buy According to Analysts. Please visit 10 Best Nickel Stocks to Buy According to Analysts if you’d like to see an extended list and how we came up with the list of best nickel stocks to buy.
5. ATI Inc. (NYSE:ATI)
As of March 27, 2026, all covering analysts remain bullish on ATI Inc. (NYSE:ATI), which ranks in our list of best nickel stocks.
A consensus price target of $157 indicates a nearly 12% upside, with the stock recording gains of almost 166% over the previous year as of March 27, 2026, reaching an all-time high of $168.14 on March 2, 2026, amid strong share momentum.
Analysts’ actions in early February 2026 following fourth-quarter reports supported the positive tone.
Citing strong demand and capacity investments in the aerospace and defense industries, Susquehanna increased its price target from $145 to $155 while maintaining a “Positive” rating, according to TheFly.
Following ATI Inc. (NYSE:ATI)’s earnings beat, BTIG raised its target to $165 from $120 and kept its “Buy” rating, stating that pricing and volume are expected to contribute equally to ATI Inc. (NYSE:ATI)’s 2026 EBITDA outlook. Additionally, JPMorgan maintained its “Overweight” rating and increased its target from $135 to $150.
ATI Inc. (NYSE:ATI) reported revenue of $1.18 billion, full-year adjusted free cash flow of $380.00 million, up 53% year over year, and fourth-quarter 2025 adjusted EPS of $0.93 compared to a projection of $0.83 to $0.89.
Dallas-based ATI Inc. (NYSE:ATI) is a global producer of specialty materials for aerospace, defense, and energy markets. Its supplies include titanium alloys, nickel-based alloys, specialty steels, and tungsten materials. The company also has 3D printing operations.
4. Ryerson Holding Corporation (NYSE:RYZ)
Ryerson Holding Corporation (NYSE:RYZ) earns a place on our list of the 8 best nickel stocks to buy according to analysts.
On March 27, 2026, KeyBanc began covering Ryerson Holding Corporation (NYSE:RYZ) with a “Sector Weight” rating, which follows the company’s announced merger with Olympic Steel.
With Olympic Steel stockholders holding roughly 37% of the combined company, which now has a market valuation of $1.09 billion, the launch fueled cautious optimism. Although it refrained from taking a more aggressive approach, KeyBanc maintained its 2026 LIFO EBITDA estimate of $256 million and its 2027 estimate of $320 million, indicating that it anticipates improvements in earnings.
Following a LIFO EBITDA loss of $2 million in Q4 2025, for the first quarter of 2026, management guided sales of $1.52 billion and EBITDA (excluding LIFO) of $58 million at the midpoint. While same-store volumes are projected to increase by 13% to 15%, Ryerson Holding Corporation (NYSE:RYZ) expects pricing and mix for Q1 2026 to be flat up to 2% quarter over quarter.
Ryerson Holding Corporation (NYSE:RYZ) is a distributor of industrial metals with facilities in the US, Canada, and Mexico. It also offers a metals service center and value-added processor. Apart from its activities in North America. It is among the best nickel stocks since the company also offers a limited selection of nickel and red metals in a variety of shapes and forms, in addition to a full line of products made of carbon steel, alloy steel, stainless steel, and aluminum.
3. Materion Corporation (NYSE:MTRN)
Materion Corporation (NYSE:MTRN) earns a place on our list of the 8 best nickel stocks to buy according to analysts.
As of March 27, 2026, 75% of covering analysts were bullish on Materion Corporation (NYSE:MTRN), with the $180 consensus price target implying a 27% upside. The shares, which gained almost 18% in the past six months and approximately 63% over the previous year, reached their all-time high of $168.92 on March 2, 2026.
That optimism was echoed on Wall Street.
In February, KeyBanc maintained its “Overweight” rating and increased its price target for Materion Corporation (NYSE:MTRN) from $159 to $170, citing robust defense-related beryllium demand that would sustain beyond 2027, according to the firm. Growing investor interest in the company’s exposure to specialized materials continues to drive share momentum.
Meanwhile, Materion Corporation (NYSE:MTRN)’s improved recent quarterly performance served as the backdrop.
Fourth-quarter net income increased from a year-earlier loss of $48.80 million to $6.60 million, or $0.31 per share, according to last month’s earnings release. Net sales for the entire year 2025 were recorded at $1.79 billion, while adjusted net income was $113.60 million, or $5.44 per share.
The products of Materion Corporation (NYSE:MTRN) include copper-based alloys, specialty coatings, inorganic chemicals and powders, precious and non-precious specialty metals, and specialized engineered beryllium. The firm’s primary raw elements are ruthenium, silver, tin, gold, nickel, palladium, platinum, cobalt, copper, aluminum, beryllium, and tantalum.
2. ArcelorMittal S.A. (NYSE:MT)
ArcelorMittal S.A. (NYSE:MT) earns a place on our list of the 8 best nickel stocks to buy according to analysts.
With 55% of covering analysts bullish and 28.38% upside based on the $63.70 consensus price target, analyst sentiment remains broadly bullish on ArcelorMittal S.A. (NYSE:MT) as of March 28, 2026. However, the recent discussion surrounding the company has focused more on whether macro and regional issues could limit gains than on value.
When JPMorgan analyst Dominic O’Kane reduced ArcelorMittal S.A. (NYSE:MT) from “Overweight” to “Underweight” on March 9, 2026, and lowered the price target from EUR 53.50 to EUR 40, that caution was most visible.
The investment bank adopted a more pessimistic base case for copper and iron ore, claiming that Middle East developments presented risks that were not sufficiently reflected in European metals and mining equities.
KeyBanc later started coverage on the stock with a “Sector Weight” rating on March 25, 2026. Stronger pricing in North America and Brazil, partially offset by higher mining freight costs and a more challenging European cost backdrop, led the investment bank to increase its 2026 EBITDA projection from $8.65 billion to $8.66 billion. Meanwhile, management expects $4.50 billion to $5.00 billion in capital expenditures in 2026.
ArcelorMittal S.A. (NYSE:MT) is an integrated steel and mining business with operations in the United States, Europe, and across the world. The company uses zinc, tin, and aluminum as base metals for coating, nickel for making stainless or special steels, and aluminum for deoxidizing liquid steel.
1. TMC the metals company Inc. (NASDAQ:TMC)
TMC the metals company Inc. (NASDAQ:TMC) earns a place on our list of the 8 best nickel stocks to buy according to analysts.
TMC the metals company Inc.’s (NASDAQ:TMC) fourth quarter and full-year 2025 results, which were released on March 27, 2026, highlighted the infrastructure and permitting processes that could shape its long-term value, while also demonstrating the financial strain of its deep-sea mining plan. With $117.60 million in total cash at the end of 2025, TMC the metals company Inc. (NASDAQ:TMC) spent $11.40 million on operations in the fourth quarter.
TMC the metals company Inc. (NASDAQ:TMC) reported a net loss of $40.4 million or $0.08 per share and an operating loss of $44.70 million for the fourth quarter. The net loss for the entire year 2025 widened substantially from $81.90 million, or $0.25 per share, in 2024 to $319.80 million, or $0.83 per share.
Nevertheless, investors focused on the strategy updates. TMC the metals company Inc. (NASDAQ:TMC) stated that it is in exclusive talks to develop a preliminary master plan for a 12 Mtpa nodule processing and refining complex on 1,466 acres near the Port of Brownsville, Texas. In addition to stating that its consolidated mining application is in substantial compliance with NOAA laws, it previously inked a Strategic Partnership Agreement with Mariana Minerals on March 19, 2026, to assist with feasibility work and AI-enabled process controls.
Founded in 2011 and headquartered in Vancouver, Canada, TMC the metals company Inc. (NASDAQ:TMC) is focused on the exploration and development of polymetallic nodules in the Clarion Clipperton Zone of the Pacific Ocean.
While we acknowledge the potential of TMC to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TMC and that has 100x upside potential, check out our report about the cheapest AI stock.
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