ArcelorMittal (MT) Stock Forecast, Price Target & Predictions
MT Stock Forecast
ArcelorMittal stock forecast is as follows: an average price target of $36.87 (represents a 62.21% upside from MT’s last price of $22.73) and a rating consensus of 'Buy', based on 8 wall street analysts offering a 1-year stock forecast.
MT Price Target
The average price target for ArcelorMittal (MT) is $36.87 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $50.00 to $29.60. This represents a potential 62.21% upside from MT's last price of $22.73.
MT Analyst Ratings
According to 8 Wall Street analysts, ArcelorMittal's rating consensus is 'Buy'. The analyst rating breakdown for MT stock is 0 'Strong Buy' (0.00%), 6 'Buy' (75.00%), 2 'Hold' (25.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
ArcelorMittal Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 27, 2024 | Bastian Synagowitz | Deutsche Bank | $31.00 | $23.47 | 32.08% | 36.38% |
| May 09, 2024 | Matt Greene | Goldman Sachs | $29.60 | $25.38 | 16.63% | 30.22% |
| Jul 07, 2022 | - | Deutsche Bank | $39.00 | $22.19 | 75.75% | 71.58% |
| Apr 14, 2022 | Carsten Riek | Credit Suisse | $50.00 | $33.01 | 51.47% | 119.97% |
The latest ArcelorMittal stock forecast, released on Aug 27, 2024 by Bastian Synagowitz from Deutsche Bank, set a price target of $31.00, which represents a 32.08% increase from the stock price at the time of the forecast ($23.47), and a 36.38% increase from MT last price ($22.73).
ArcelorMittal Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 2 |
| Avg Price Target | $31.00 | $31.00 | $30.30 |
| Last Closing Price | $22.73 | $22.73 | $22.73 |
| Upside/Downside | 36.38% | 36.38% | 33.30% |
In the current month, the average price target of ArcelorMittal stock is $31.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 36.38% increase as opposed to ArcelorMittal's last price of $22.73. This month's average price target is down 0.00% compared to last quarter, and up 2.31% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 27, 2024 | Deutsche Bank | Hold | Buy | Upgrade |
| Aug 19, 2024 | Barclays | Equal-Weight | Overweight | Upgrade |
| Aug 09, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| Aug 02, 2024 | Deutsche Bank | Hold | Hold | Hold |
| May 09, 2024 | Goldman Sachs | - | Neutral | Initialise |
| Apr 30, 2024 | Santander | - | Neutral | Downgrade |
| Apr 19, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Apr 19, 2024 | Citigroup | Buy | Buy | Hold |
| Apr 15, 2024 | Deutsche Bank | Buy | Hold | Downgrade |
| Mar 28, 2023 | UBS | - | Buy | Upgrade |
ArcelorMittal's last stock rating was published by Deutsche Bank on Aug 27, 2024. The company Upgrade its MT rating from "Hold" to "Buy".
ArcelorMittal Financial Forecast
ArcelorMittal Revenue Forecast
| Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | Jun 18 | Dec 17 | Sep 17 | Jun 17 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | $18.50B | $16.89B | $18.98B | $22.14B | $21.84B | $20.81B | $20.23B | $19.34B | $16.19B | $14.18B | $13.27B | $10.98B | $14.84B | $15.51B | $19.28B | $19.19B | $18.33B | $18.52B | $20.00B | $17.71B | $17.64B | $17.24B | $16.09B |
| Avg Forecast | $32.89B | $15.62B | $16.32B | $16.40B | $14.95B | $17.26B | $24.07B | $18.95B | $22.63B | $21.72B | $21.88B | $14.98B | $20.57B | $19.74B | $19.34B | $12.48B | $13.16B | $11.71B | $18.29B | $538.04M | $21.25B | $24.95B | $24.59B | $15.20B | $21.61B | $17.49B | $14.98B | $17.02B | $16.58B | $13.52B |
| High Forecast | $35.89B | $17.34B | $17.29B | $17.38B | $15.69B | $18.29B | $28.88B | $22.74B | $27.15B | $26.06B | $26.25B | $17.98B | $24.69B | $23.69B | $23.21B | $14.98B | $15.80B | $14.05B | $21.95B | $645.65M | $25.50B | $29.94B | $29.51B | $18.24B | $25.93B | $20.99B | $17.97B | $20.43B | $19.90B | $16.23B |
| Low Forecast | $30.86B | $14.97B | $15.44B | $15.51B | $14.20B | $16.33B | $19.25B | $15.16B | $18.10B | $17.37B | $17.50B | $11.99B | $16.46B | $15.80B | $15.47B | $9.98B | $10.53B | $9.36B | $14.63B | $430.43M | $17.00B | $19.96B | $19.67B | $12.16B | $17.29B | $14.00B | $11.98B | $13.62B | $13.26B | $10.82B |
| # Analysts | 1 | 3 | 1 | 1 | 3 | 1 | 12 | 18 | 16 | 12 | 7 | 13 | 7 | 12 | 10 | 13 | 16 | 14 | 9 | 13 | 20 | 20 | 18 | 8 | 13 | 20 | 20 | 11 | 12 | 16 |
| Surprise % | - | - | - | - | - | - | - | 0.98% | 0.75% | 0.87% | 1.01% | 1.46% | 1.01% | 1.02% | 1.00% | 1.30% | 1.08% | 1.13% | 0.60% | 27.59% | 0.73% | 0.77% | 0.78% | 1.21% | 0.86% | 1.14% | 1.18% | 1.04% | 1.04% | 1.19% |
ArcelorMittal's average Quarter revenue forecast for Jun 23 based on 12 analysts is $24.07B, with a low forecast of $19.25B, and a high forecast of $28.88B. MT's average Quarter revenue forecast represents a 30.08% increase compared to the company's last Quarter revenue of $18.50B (Mar 23).
ArcelorMittal EBITDA Forecast
| Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | Jun 18 | Dec 17 | Sep 17 | Jun 17 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 3 | 1 | 1 | 3 | 1 | 12 | 18 | 16 | 12 | 7 | 13 | 7 | 12 | 10 | 13 | 16 | 14 | 9 | 13 | 20 | 20 | 18 | 8 | 13 | 20 | 20 | 11 | 12 | 16 |
| EBITDA | - | - | - | - | - | - | - | $2.02B | $1.93B | $2.72B | $5.74B | $5.50B | $5.22B | $6.16B | $5.67B | $3.38B | $2.69B | $812.00M | $891.00M | $198.00M | $15.00M | $1.43B | $1.59B | $1.56B | $2.39B | $2.75B | $3.88B | $2.17B | $2.05B | $2.16B |
| Avg Forecast | $4.27B | $2.03B | $2.12B | $5.91B | $1.94B | $2.24B | $4.15B | $4.67B | $3.94B | $6.61B | $3.77B | $3.69B | $3.58B | $6.01B | $4.07B | $2.61B | $1.11B | $716.47M | $1.12B | $69.83M | $20.54M | $1.86B | $2.04B | $1.24B | $2.79B | $1.61B | $2.19B | $2.10B | $1.97B | $1.75B |
| High Forecast | $4.66B | $2.25B | $2.24B | $7.09B | $2.04B | $2.37B | $4.98B | $5.60B | $4.73B | $7.93B | $4.53B | $4.43B | $4.30B | $7.21B | $4.89B | $3.13B | $1.33B | $859.76M | $1.34B | $83.79M | $24.65M | $2.23B | $2.45B | $1.49B | $3.35B | $1.93B | $2.62B | $2.51B | $2.37B | $2.10B |
| Low Forecast | $4.01B | $1.94B | $2.00B | $4.72B | $1.84B | $2.12B | $3.32B | $3.73B | $3.15B | $5.29B | $3.02B | $2.95B | $2.87B | $4.81B | $3.26B | $2.08B | $889.35M | $573.18M | $894.88M | $55.86M | $16.43M | $1.48B | $1.63B | $991.28M | $2.23B | $1.29B | $1.75B | $1.68B | $1.58B | $1.40B |
| Surprise % | - | - | - | - | - | - | - | 0.43% | 0.49% | 0.41% | 1.52% | 1.49% | 1.46% | 1.02% | 1.39% | 1.30% | 2.42% | 1.13% | 0.80% | 2.84% | 0.73% | 0.77% | 0.78% | 1.26% | 0.86% | 1.71% | 1.77% | 1.04% | 1.04% | 1.23% |
12 analysts predict MT's average Quarter EBITDA for Jun 23 to be $4.15B, with a high of $4.98B and a low of $3.32B. This is 105.18% upper than ArcelorMittal's previous annual EBITDA (Mar 23) of $2.02B.
ArcelorMittal Net Income Forecast
| Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | Jun 18 | Dec 17 | Sep 17 | Jun 17 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 3 | 1 | 1 | 3 | 1 | 12 | 18 | 16 | 12 | 7 | 13 | 7 | 12 | 10 | 13 | 16 | 14 | 9 | 13 | 20 | 20 | 18 | 8 | 13 | 20 | 20 | 11 | 12 | 16 |
| Net Income | - | - | - | - | - | - | - | $1.10B | $261.00M | $1.80B | $5.66B | $4.13B | $4.15B | $4.62B | $4.00B | $2.29B | $1.21B | $-261.00M | $-559.00M | $-1.12B | $-1.88B | $-447.00M | $414.00M | $1.19B | $899.00M | $1.86B | $1.04B | $1.21B | $1.32B | $1.00B |
| Avg Forecast | $779.88M | $570.84M | $598.18M | $4.53B | $-1.67B | $795.96M | $4.26B | $3.58B | $4.03B | $4.96B | $3.88B | $2.83B | $3.66B | $4.51B | $2.88B | $1.76B | $497.89M | $-230.29M | $-782.60M | $-22.58B | $-2.58B | $-578.47M | $530.55M | $947.59M | $1.05B | $1.09B | $585.74M | $1.16B | $1.27B | $811.95M |
| High Forecast | $940.68M | $795.96M | $644.57M | $5.44B | $-1.56B | $857.69M | $5.12B | $4.30B | $4.84B | $5.95B | $4.65B | $3.40B | $4.40B | $5.41B | $3.45B | $2.11B | $597.47M | $-184.24M | $-626.08M | $-18.06B | $-2.06B | $-462.78M | $636.66M | $1.14B | $1.26B | $1.31B | $702.88M | $1.40B | $1.53B | $974.34M |
| Low Forecast | $562.80M | $393.96M | $556.20M | $3.62B | $-1.87B | $740.10M | $3.41B | $2.86B | $3.22B | $3.97B | $3.10B | $2.26B | $2.93B | $3.61B | $2.30B | $1.41B | $398.31M | $-276.35M | $-939.12M | $-27.10B | $-3.09B | $-694.16M | $424.44M | $758.07M | $839.07M | $870.17M | $468.59M | $930.37M | $1.02B | $649.56M |
| Surprise % | - | - | - | - | - | - | - | 0.31% | 0.06% | 0.36% | 1.46% | 1.46% | 1.13% | 1.02% | 1.39% | 1.30% | 2.42% | 1.13% | 0.71% | 0.05% | 0.73% | 0.77% | 0.78% | 1.26% | 0.86% | 1.71% | 1.77% | 1.04% | 1.04% | 1.23% |
ArcelorMittal's average Quarter net income forecast for Jun 23 is $4.26B, with a range of $3.41B to $5.12B. MT's average Quarter net income forecast represents a 289.03% increase compared to the company's last Quarter net income of $1.10B (Mar 23).
ArcelorMittal SG&A Forecast
| Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | Jun 18 | Dec 17 | Sep 17 | Jun 17 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 3 | 1 | 1 | 3 | 1 | 12 | 18 | 16 | 12 | 7 | 13 | 7 | 12 | 10 | 13 | 16 | 14 | 9 | 13 | 20 | 20 | 18 | 8 | 13 | 20 | 20 | 11 | 12 | 16 |
| SG&A | - | - | - | - | - | - | - | - | $2.26B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $1.05B | $499.43M | $521.77M | $524.34M | $478.00M | $551.91M | $769.46M | $606.01M | $723.50M | $694.41M | $699.51M | $479.06M | $657.73M | $631.28M | $618.46M | $399.03M | $420.92M | $374.26M | $584.90M | $17.20M | $679.36M | $797.72M | $786.22M | $486.00M | $690.92M | $559.37M | $478.84M | $544.31M | $530.15M | $432.33M |
| High Forecast | $1.15B | $554.42M | $552.89M | $555.62M | $501.67M | $584.83M | $923.35M | $727.21M | $868.21M | $833.29M | $839.41M | $574.87M | $789.28M | $757.54M | $742.16M | $478.83M | $505.10M | $449.11M | $701.88M | $20.64M | $815.23M | $957.26M | $943.47M | $583.21M | $829.10M | $671.25M | $574.60M | $653.17M | $636.18M | $518.79M |
| Low Forecast | $986.71M | $478.64M | $493.60M | $496.03M | $454.02M | $522.11M | $615.57M | $484.80M | $578.80M | $555.53M | $559.61M | $383.24M | $526.19M | $505.03M | $494.77M | $319.22M | $336.73M | $299.41M | $467.92M | $13.76M | $543.49M | $638.17M | $628.98M | $388.80M | $552.73M | $447.50M | $383.07M | $435.45M | $424.12M | $345.86M |
| Surprise % | - | - | - | - | - | - | - | - | 3.13% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
ArcelorMittal's average Quarter SG&A projection for Mar 23 is $606.01M, based on 18 Wall Street analysts, with a range of $484.80M to $727.21M. The forecast indicates a -73.22% fall compared to MT last annual SG&A of $2.26B (Dec 22).
ArcelorMittal EPS Forecast
| Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | Jun 18 | Dec 17 | Sep 17 | Jun 17 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 3 | 1 | 1 | 3 | 1 | 12 | 18 | 16 | 12 | 7 | 13 | 7 | 12 | 10 | 13 | 16 | 14 | 9 | 13 | 20 | 20 | 18 | 8 | 13 | 20 | 20 | 11 | 12 | 16 |
| EPS | - | - | - | - | - | - | - | $1.28 | $0.30 | $2.01 | $6.13 | $4.28 | $4.03 | $4.17 | $3.34 | $1.94 | $1.01 | $-0.21 | $-0.50 | $-1.11 | $-1.86 | $-0.44 | $0.41 | $1.18 | $0.89 | $1.84 | $1.02 | $1.18 | $1.30 | $0.99 |
| Avg Forecast | $0.97 | $0.71 | $0.74 | $0.91 | $-2.08 | $0.99 | $1.19 | $1.43 | $1.95 | $1.27 | $1.15 | $1.43 | $1.89 | $1.25 | $1.01 | $1.21 | $0.03 | $-0.15 | $-0.70 | $1.01 | $-0.63 | $0.66 | $1.18 | $0.75 | $1.54 | $0.87 | $0.45 | $0.83 | $1.00 | $0.43 |
| High Forecast | $1.17 | $0.99 | $0.80 | $0.98 | $-1.94 | $1.07 | $1.34 | $1.54 | $2.19 | $1.37 | $1.28 | $1.45 | $1.92 | $1.26 | $1.03 | $1.45 | $0.04 | $-0.12 | $-0.56 | $1.21 | $-0.50 | $0.79 | $1.41 | $0.90 | $1.85 | $1.04 | $0.54 | $1.00 | $1.20 | $0.52 |
| Low Forecast | $0.70 | $0.49 | $0.69 | $0.85 | $-2.32 | $0.92 | $1.11 | $1.33 | $1.81 | $1.18 | $1.07 | $1.39 | $1.84 | $1.21 | $0.98 | $0.97 | $0.03 | $-0.18 | $-0.84 | $0.81 | $-0.76 | $0.53 | $0.94 | $0.60 | $1.23 | $0.70 | $0.36 | $0.66 | $0.80 | $0.34 |
| Surprise % | - | - | - | - | - | - | - | 0.90% | 0.15% | 1.58% | 5.31% | 3.00% | 2.13% | 3.35% | 3.30% | 1.60% | 33.67% | 1.40% | 0.71% | -1.10% | 2.95% | -0.67% | 0.35% | 1.57% | 0.58% | 2.11% | 2.27% | 1.42% | 1.30% | 2.30% |
According to 12 Wall Street analysts, ArcelorMittal's projected average Quarter EPS for Jun 23 is $1.19, with a low estimate of $1.11 and a high estimate of $1.34. This represents a -6.85% decrease compared to MT previous annual EPS of $1.28 (Mar 23).
ArcelorMittal Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| SCHN | Schnitzer Steel Industries | $33.20 | $215.00 | 547.59% | - |
| CLF | Cleveland-Cliffs | $11.91 | $19.85 | 66.67% | Buy |
| MT | ArcelorMittal | $22.73 | $36.87 | 62.21% | Buy |
| TX | Ternium | $33.35 | $50.00 | 49.93% | Buy |
| GGB | Gerdau | $3.37 | $5.00 | 48.37% | Buy |
| CMC | Commercial Metals Company | $51.19 | $58.33 | 13.95% | Buy |
| STLD | Steel Dynamics | $112.84 | $128.00 | 13.43% | Hold |
| PKX | POSCO | $69.00 | $77.00 | 11.59% | Hold |
| NUE | Nucor | $143.59 | $159.13 | 10.82% | Hold |
| X | United States Steel | $36.07 | $36.45 | 1.05% | Buy |
| RS | Reliance Steel & Aluminum | $277.90 | $230.00 | -17.24% | Buy |
MT Forecast FAQ
Is ArcelorMittal a good buy?
Yes, according to 8 Wall Street analysts, ArcelorMittal (MT) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 75.00% of MT's total ratings.
What is MT's price target?
ArcelorMittal (MT) average price target is $36.87 with a range of $29.6 to $50, implying a 62.21% from its last price of $22.73. The data is based on 8 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will ArcelorMittal stock go up soon?
According to Wall Street analysts' prediction for MT stock, the company can go up by 62.21% (from the last price of $22.73 to the average price target of $36.87), up by 119.97% based on the highest stock price target, and up by 30.22% based on the lowest stock price target.
Can ArcelorMittal stock reach $30?
MT's average twelve months analyst stock price target of $36.87 supports the claim that ArcelorMittal can reach $30 in the near future.
What is ArcelorMittal's current price target trend?
1 Wall Street analyst forecast a $31 price target for ArcelorMittal (MT) this month, up 36.38% from its last price of $22.73. Compared to the last 3 and 12 months, the average price target increased by 36.38% and increased by 33.30%, respectively.
What are ArcelorMittal's analysts' financial forecasts?
ArcelorMittal's analysts financial forecasts for the fiscal year (Dec 2023) are as follows: average revenue is $75.23B (high $85.6B, low $64.94B), average EBITDA is $13B (high $14.99B, low $11.02B), average net income is $6.97B (high $8.71B, low $5.15B), average SG&A $2.41B (high $2.74B, low $2.08B), and average EPS is $1.53 (high $2.01, low $1.04). MT's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $81.23B (high $87.9B, low $76.78B), average EBITDA is $14.32B (high $16.24B, low $12.68B), average net income is $6.48B (high $7.82B, low $5.14B), average SG&A $2.6B (high $2.81B, low $2.45B), and average EPS is $3.33 (high $3.94, low $2.73).
Did the MT's actual financial results beat the analysts' financial forecasts?
Based on ArcelorMittal's last annual report (Dec 2022), the company's revenue was $79.84B, which missed the average analysts forecast of $81.21B by -1.68%. Apple's EBITDA was $15.07B, missing the average prediction of $18.01B by -16.31%. The company's net income was $9.3B, missing the average estimation of $15.7B by -40.74%. Apple's SG&A was $2.26B, missing the average forecast of $2.6B by -12.84%. Lastly, the company's EPS was $8.42, beating the average prediction of $5.81 by 44.95%. In terms of the last quarterly report (Mar 2023), ArcelorMittal's revenue was $18.5B, missing the average analysts' forecast of $18.95B by -2.39%. The company's EBITDA was $2.02B, missing the average prediction of $4.67B by -56.66%. ArcelorMittal's net income was $1.1B, missing the average estimation of $3.58B by -69.39%. The company's SG&A was $0, missing the average forecast of $606.01M by -100.00%. Lastly, the company's EPS was $1.28, missing the average prediction of $1.43 by -10.42%