Kennametal Inc. (KMT) Price Target Analysis
Updated Jun 18, 2026
Analyst Rating: Hold
Based on 23 analysts1.6% Above Target
KMT trades 1.6% above Wall Street's consensus target of $35.75.
Current Price$36.32
Average Target$35.75
Target
Current
Low$29.00
Median$33.50
High$47.50
Analyst Target Range
Forward P/E9.3x
(Value)
PEG Ratio—
Implied Growth+120.7%
(High Growth)
Analyst Spread51.7%
(Moderate)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes KMT achieves its forward estimates and maintains a stable P/E multiple of 9.3x. This scenario reflects the blended consensus of 23 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
KMT Price Target Analysis
Updated June 21, 2026As of June 21, 2026, Kennametal Inc. (KMT) has a Wall Street consensus price target of $35.75, based on estimates from 23 covering analysts. With the stock currently trading at $36.32, this represents a potential downside of -1.6%. The company has a market capitalization of $2.77B.
Analyst price targets range from a low of $29.00 to a high of $47.50, representing a 52% spread in expectations. The median target of $33.50 differs from the mean, suggesting potential outlier estimates. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Hold, with 5 analysts rating the stock as a Buy or Strong Buy,13 rating it Hold, and 5 rating it Sell or Strong Sell. The bearish sentiment suggests caution about the stock at current levels.
From a valuation perspective, KMT trades at a trailing P/E of 30.3x and forward P/E of 9.3x. Analysts expect EPS to grow +120.7% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $60.64, with bear and bull scenarios of $38.20 and $79.90 respectively. Model confidence stands at 43/100, suggesting limited visibility into future performance.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Industrials stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside
+20.8%
Industry Consensus
Avg Forward P/E
28.0x
(Growth Premium)
Peers with Coverage
10 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 SWKStanley Black & Decker, Inc. | $13.5B | $86.75 | $88.67 | +2.2% | Hold | 19.1x | 37 |
 ITTITT Inc. | $17.6B | $196.81 | $243.33 | +23.6% | Buy | 25.1x | 22 |
 GTLSChart Industries, Inc. | $10.0B | $207.99 | $193.81 | -6.8% | Buy | 29.9x | 37 |
 TDYTeledyne Technologies Incorporated | $28.7B | $619.58 | $713.00 | +15.1% | Buy | 25.6x | 18 |
 NNNextNav Inc. | $2.5B | $18.18 | $34.67 | +90.7% | Buy | — | 3 |
 CECOCECO Environmental Corp. | $3.5B | $98.40 | $105.40 | +7.1% | Buy | 54.1x | 16 |
 GFSGLOBALFOUNDRIES Inc. | $47.8B | $85.83 | $78.92 | -8.1% | Buy | 45.3x | 19 |
 AMTMAmentum Holdings, Inc. | $5.3B | $21.66 | $33.33 | +53.9% | Hold | 9.0x | 11 |
 TXTTextron Inc. | $15.6B | $89.47 | $107.40 | +20.0% | Hold | 13.7x | 29 |
 PHParker-Hannifin Corporation | $120.3B | $953.27 | $1047.25 | +9.9% | Buy | 30.5x | 38 |
KMT — Frequently Asked Questions
Quick answers to the most common questions about buying KMT stock.
What is the KMT stock price target for 2026?
Wall Street's consensus price target for KMT is $35.75, -1.6% from its current price of $36.32. The below-market target from 23 analysts suggests limited near-term appreciation.
Is KMT a buy, sell, or hold?
KMT has a consensus rating of "Hold" based on 23 Wall Street analysts. The rating breakdown is mixed, with 13 Hold ratings making up the largest segment. The consensus 12-month price target of $35.75 implies -1.6% downside from current levels.
Is KMT stock overvalued or undervalued?
With a forward P/E of 9.2783x, KMT trades at a relatively low valuation. The consensus target of $35.75 implies -1.6% move, suggesting the market may be pricing in risks.
How high can KMT stock go?
The most bullish Wall Street analyst has a price target of $47.5 for KMT, while the most conservative target is $29. The consensus of $35.75 represents the median expectation. Our quantitative valuation model projects a bull case target of $80 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover KMT stock?
KMT is well covered by analysts, with 23 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 5 have Buy ratings, 13 recommend Hold, and 5 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the KMT stock forecast?
The 12-month KMT stock forecast based on 23 Wall Street analysts shows a consensus price target of $35.75, with estimates ranging from $29 (bear case) to $47.5 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $61, with bear/bull scenarios of $38/$80.
What is KMT's fair value based on fundamentals?
Our quantitative valuation model calculates KMT's fair value at $61 (base case), with a bear case of $38 and bull case of $80. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 43/100.
What is KMT's forward P/E ratio?
KMT trades at a forward P/E ratio of 9.3x based on next-twelve-months earnings estimates compared to a trailing P/E of 30.3x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy KMT stock?
Analysts are cautious on KMT, with 5 Sell ratings and a price target of $35.75 (-1.6% from current price). The "Hold" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do KMT price targets vary so much?
KMT analyst price targets range from $29 to $47.5, a 52% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $35.75 consensus represents the middle ground. Our model's $38-$80 range provides an independent fundamental perspective.
Consensus-Based Analysis Tools
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