DPC Holdings

DPC · NYSE

$25.53−$0.48 (−1.85%)TodayMarket closed · Oct 23, 7:30 PM ET

Prev close $26.01

DPC analyst rating

BuyConsensus of 5 analysts over the last 12 months. 80% rate it a buy.

Strong buy0
Buy4
Hold1
Underperform0
Sell0

12-month price target · 5 analysts

Average $55.08 (+115.7% upside)

Low: $43.43
Now: $25.53
High: $65.10

Upgrades and downgrades

The latest rating actions, newest first

DPC analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Morgan Stanley	Oct 19, 2026	Maintains	Equal-Weight	$59.00 → $43.00	61%
Barclays	Oct 9, 2026	Initiates	Overweight	$49.00	38%
Morgan Stanley	Aug 12, 2026	Maintains	Equal-Weight	$47.00 → $59.00	61%
RBC Capital	Aug 12, 2026	Maintains	Outperform	$53.00 → $62.00	59%
RBC Capital	Jul 20, 2026	Initiates	Outperform	$53.00	59%
Jefferies	Jul 20, 2026	Initiates	Buy	$56.00	55%
Morgan Stanley	Jul 20, 2026	Initiates	Equal-Weight	$47.00	61%
Rothschild & Co	Jul 20, 2026	Initiates	Buy	$53.50	0%

The case for and against

Updated Oct 23, 2026

Bull case

DPC Holdings is favored because its 2Q26 results showed strong operating momentum, with revenues of $269M up 34% and adj. EBITDA of $48M at a 17.8% margin, despite only a modest ~60 bps hit from metal cost inflation pass-through. Its outlook is reinforced by robust aerospace and IGT demand, $1,000M-$1,040M 2026 revenue guidance and $182M-$187M adj. EBITDA guidance, plus a very strong balance sheet and $930M backlog that provide high visibility into production and support a beat-and-raise setup. The bullish view is further supported by 4 customer partnership agreements contributing over $200M in annual run-rate revenues by 2H29, limited competition in engine castings, and continued margin expansion potential from pricing, yields, and capacity ramps.

Bear case

DPC Holdings is benefiting from strong 2Q26 demand, with aerospace revenue up 47% and IGT revenue up 42% year over year, but the negative outlook reflects a business still exposed to margin volatility from material cost inflation pass-through, especially in Hafnium. Although transaction-adjusted net cash of $118M and adjusted net leverage of (0.7x) provide balance-sheet support, the company’s reliance on winning content on new programs, scaling manufacturing, and maintaining strong yields leaves execution risk elevated. The mention of a 2020 debt restructuring and downside cases tied to just ~$1.16B of revenue and 19.5% adjusted EBITDA margins underscores that any slowdown, in-sourcing, supply disruption, or facility issue could pressure valuation.

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