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 48.61% upside from MT’s last price of $24.81) and a rating consensus of 'Buy', based on 10 wall street analysts offering a 1-year stock forecast.
MT Price Target
MT Analyst Ratings
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% | 24.95% |
May 09, 2024 | Matt Greene | Goldman Sachs | $29.60 | $25.38 | 16.63% | 19.31% |
Jul 07, 2022 | - | Deutsche Bank | $39.00 | $22.19 | 75.75% | 57.19% |
Apr 14, 2022 | Carsten Riek | Credit Suisse | $50.00 | $33.01 | 51.47% | 101.53% |
ArcelorMittal Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | - | 1 | 2 |
Avg Price Target | - | $31.00 | $30.30 |
Last Closing Price | $24.81 | $24.81 | $24.81 |
Upside/Downside | -100.00% | 24.95% | 22.13% |
Analyst Ratings Upgrades/Downgrades
Date | Company | Previous Rating | New Rating | Rating Change |
---|---|---|---|---|
Oct 11, 2024 | Wells Fargo | - | Equal-Weight | Downgrade |
Oct 02, 2024 | Oddo BHF | - | Neutral | Downgrade |
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 |
ArcelorMittal Financial Forecast
ArcelorMittal Revenue Forecast
Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Mar 23 | Dec 22 | Mar 22 | Mar 21 | Mar 20 | Mar 19 | Jun 18 | Mar 17 | Mar 16 | Mar 15 | Jun 14 | Mar 13 | Mar 12 | Mar 11 | Mar 10 | Mar 09 | Mar 08 | Mar 07 | Mar 06 | Mar 05 | Sep 01 | Mar 00 | Mar 99 | Mar 98 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | - | - | - | - | - | $18.50B | $16.89B | $21.84B | $16.19B | $14.84B | $19.19B | $20.00B | $16.09B | $13.40B | $17.12B | $20.70B | $19.75B | $22.70B | $22.18B | $18.65B | $15.12B | $29.81B | $24.48B | $8.43B | $6.42B | $1.01B | $1.39B | $1.10B | $682.00M |
Avg Forecast | $15.76B | $16.32B | $16.40B | $14.95B | $17.26B | $18.95B | $22.63B | $14.98B | $12.48B | $538.04M | $24.59B | $17.49B | $13.52B | $9.31B | $48.79B | $27.95B | $49.78B | $33.36B | $20.15B | $16.96B | $16.63B | $32.04B | $20.83B | $8.53B | $7.15B | $964.07M | $1.30B | $1.10B | $670.14M |
High Forecast | $17.34B | $16.32B | $16.40B | $15.69B | $17.26B | $22.74B | $27.15B | $17.98B | $14.98B | $645.65M | $29.51B | $20.99B | $16.23B | $11.17B | $58.54B | $33.54B | $59.73B | $40.03B | $24.18B | $20.35B | $19.96B | $38.44B | $24.99B | $10.24B | $8.58B | $1.16B | $1.56B | $1.32B | $804.17M |
Low Forecast | $14.77B | $16.32B | $16.40B | $14.20B | $17.26B | $15.16B | $18.10B | $11.99B | $9.98B | $430.43M | $19.67B | $14.00B | $10.82B | $7.45B | $39.03B | $22.36B | $39.82B | $26.69B | $16.12B | $13.57B | $13.31B | $25.63B | $16.66B | $6.83B | $5.72B | $771.26M | $1.04B | $878.40M | $536.11M |
# Analysts | 3 | 1 | 1 | 3 | 1 | 18 | 16 | 13 | 13 | 13 | 18 | 20 | 16 | 16 | 15 | 16 | 18 | 19 | 9 | 14 | 10 | 9 | 14 | 18 | 16 | 12 | 15 | 19 | 7 |
Surprise % | - | - | - | - | - | 0.98% | 0.75% | 1.46% | 1.30% | 27.59% | 0.78% | 1.14% | 1.19% | 1.44% | 0.35% | 0.74% | 0.40% | 0.68% | 1.10% | 1.10% | 0.91% | 0.93% | 1.18% | 0.99% | 0.90% | 1.05% | 1.07% | 1.00% | 1.02% |
ArcelorMittal EBITDA Forecast
Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Mar 23 | Dec 22 | Mar 22 | Mar 21 | Mar 20 | Mar 19 | Jun 18 | Mar 17 | Mar 16 | Mar 15 | Jun 14 | Mar 13 | Mar 12 | Mar 11 | Mar 10 | Mar 09 | Mar 08 | Mar 07 | Mar 06 | Mar 05 | Sep 01 | Mar 00 | Mar 99 | Mar 98 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 3 | 1 | 1 | 3 | 1 | 18 | 16 | 13 | 13 | 13 | 18 | 20 | 16 | 16 | 15 | 16 | 18 | 19 | 9 | 14 | 10 | 9 | 14 | 18 | 16 | 12 | 15 | 19 | 7 |
EBITDA | - | - | - | - | - | $2.02B | $1.93B | $5.50B | $3.38B | $198.00M | $1.59B | $2.75B | $2.16B | $1.27B | $612.00M | $1.52B | $1.39B | $1.48B | $1.59B | $1.89B | $-729.00M | $4.40B | $4.08B | $1.15B | $1.71B | $-55.00M | $126.00M | $47.00M | $100.00M |
Avg Forecast | $2.05B | $2.12B | $5.91B | $1.94B | $2.24B | $4.67B | $3.94B | $3.69B | $2.61B | $69.83M | $2.04B | $1.61B | $1.75B | $587.28M | $1.74B | $2.05B | $3.51B | $2.18B | $1.24B | $762.50M | $-801.90M | $4.73B | $3.47B | $1.16B | $1.90B | $-52.15M | $118.04M | $47.00M | $98.26M |
High Forecast | $2.25B | $2.12B | $7.09B | $2.04B | $2.24B | $5.60B | $4.73B | $4.43B | $3.13B | $83.79M | $2.45B | $1.93B | $2.10B | $704.74M | $2.09B | $2.47B | $4.21B | $2.62B | $1.49B | $915.00M | $-641.52M | $5.67B | $4.16B | $1.39B | $2.28B | $-41.72M | $141.65M | $56.40M | $117.91M |
Low Forecast | $1.92B | $2.12B | $4.72B | $1.84B | $2.24B | $3.73B | $3.15B | $2.95B | $2.08B | $55.86M | $1.63B | $1.29B | $1.40B | $469.83M | $1.40B | $1.64B | $2.80B | $1.74B | $994.97M | $610.00M | $-962.28M | $3.78B | $2.77B | $928.12M | $1.52B | $-62.58M | $94.43M | $37.60M | $78.61M |
Surprise % | - | - | - | - | - | 0.43% | 0.49% | 1.49% | 1.30% | 2.84% | 0.78% | 1.71% | 1.23% | 2.16% | 0.35% | 0.74% | 0.40% | 0.68% | 1.28% | 2.47% | 0.91% | 0.93% | 1.18% | 0.99% | 0.90% | 1.05% | 1.07% | 1.00% | 1.02% |
ArcelorMittal Net Income Forecast
Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Mar 23 | Dec 22 | Mar 22 | Mar 21 | Mar 20 | Mar 19 | Jun 18 | Mar 17 | Mar 16 | Mar 15 | Jun 14 | Mar 13 | Mar 12 | Mar 11 | Mar 10 | Mar 09 | Mar 08 | Mar 07 | Mar 06 | Mar 05 | Sep 01 | Mar 00 | Mar 99 | Mar 98 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 3 | 1 | 1 | 3 | 1 | 18 | 16 | 13 | 13 | 13 | 18 | 20 | 16 | 16 | 15 | 16 | 18 | 19 | 9 | 14 | 10 | 9 | 14 | 18 | 16 | 12 | 15 | 19 | 7 |
Net Income | - | - | - | - | - | $1.10B | $261.00M | $4.13B | $2.29B | $-1.12B | $414.00M | $1.86B | $1.00B | $-416.00M | $-728.00M | $52.00M | $-345.00M | $11.00M | $1.07B | $679.00M | $-1.06B | $2.37B | $2.25B | $743.00M | $1.15B | $-98.00M | $53.00M | $6.00M | $100.00M |
Avg Forecast | $466.32M | $598.18M | $4.53B | $-1.67B | $795.96M | $3.58B | $4.03B | $2.83B | $1.76B | $-22.58B | $530.55M | $1.09B | $811.95M | $-192.67M | $-2.07B | $70.20M | $-869.40M | $16.16M | $647.28M | $274.37M | $-1.17B | $2.55B | $1.91B | $752.17M | $1.28B | $-92.92M | $49.65M | $6.00M | $98.26M |
High Forecast | $570.84M | $598.18M | $5.44B | $-1.56B | $795.96M | $4.30B | $4.84B | $3.40B | $2.11B | $-18.06B | $636.66M | $1.31B | $974.34M | $-154.14M | $-1.66B | $84.24M | $-695.52M | $19.40M | $776.74M | $329.25M | $-935.44M | $3.06B | $2.30B | $902.61M | $1.53B | $-74.34M | $59.58M | $7.20M | $117.91M |
Low Forecast | $369.84M | $598.18M | $3.62B | $-1.87B | $795.96M | $2.86B | $3.22B | $2.26B | $1.41B | $-27.10B | $424.44M | $870.17M | $649.56M | $-231.21M | $-2.49B | $56.16M | $-1.04B | $12.93M | $517.83M | $219.50M | $-1.40B | $2.04B | $1.53B | $601.74M | $1.02B | $-111.51M | $39.72M | $4.80M | $78.61M |
Surprise % | - | - | - | - | - | 0.31% | 0.06% | 1.46% | 1.30% | 0.05% | 0.78% | 1.71% | 1.23% | 2.16% | 0.35% | 0.74% | 0.40% | 0.68% | 1.65% | 2.47% | 0.91% | 0.93% | 1.18% | 0.99% | 0.90% | 1.05% | 1.07% | 1.00% | 1.02% |
ArcelorMittal SG&A Forecast
Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Mar 23 | Dec 22 | Mar 22 | Mar 21 | Mar 20 | Mar 19 | Jun 18 | Mar 17 | Mar 16 | Mar 15 | Jun 14 | Mar 13 | Mar 12 | Mar 11 | Mar 10 | Mar 09 | Mar 08 | Mar 07 | Mar 06 | Mar 05 | Sep 01 | Mar 00 | Mar 99 | Mar 98 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 3 | 1 | 1 | 3 | 1 | 18 | 16 | 13 | 13 | 13 | 18 | 20 | 16 | 16 | 15 | 16 | 18 | 19 | 9 | 14 | 10 | 9 | 14 | 18 | 16 | 12 | 15 | 19 | 7 |
SG&A | - | - | - | - | - | - | $2.26B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $272.00M | $253.00M | $36.00M | $43.00M | $31.00M | - |
Avg Forecast | $503.90M | $521.77M | $524.34M | $478.00M | $551.91M | $606.01M | $723.50M | $479.06M | $399.03M | $17.20M | $786.22M | $559.37M | $432.33M | $297.63M | $1.56B | $893.67M | $1.59B | $1.07B | $644.23M | $542.21M | $531.85M | $1.02B | $665.93M | $275.36M | $281.66M | $34.14M | $40.28M | $31.00M | $21.43M |
High Forecast | $554.42M | $521.77M | $524.34M | $501.67M | $551.91M | $727.21M | $868.21M | $574.87M | $478.83M | $20.64M | $943.47M | $671.25M | $518.79M | $357.16M | $1.87B | $1.07B | $1.91B | $1.28B | $773.07M | $650.65M | $638.23M | $1.23B | $799.11M | $330.43M | $337.99M | $40.96M | $48.34M | $37.20M | $25.71M |
Low Forecast | $472.25M | $521.77M | $524.34M | $454.02M | $551.91M | $484.80M | $578.80M | $383.24M | $319.22M | $13.76M | $628.98M | $447.50M | $345.86M | $238.11M | $1.25B | $714.94M | $1.27B | $853.30M | $515.38M | $433.77M | $425.48M | $819.44M | $532.74M | $220.29M | $225.33M | $27.31M | $32.23M | $24.80M | $17.14M |
Surprise % | - | - | - | - | - | - | 3.13% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 0.90% | 1.05% | 1.07% | 1.00% | - |
ArcelorMittal EPS Forecast
Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Mar 23 | Dec 22 | Mar 22 | Mar 21 | Mar 20 | Mar 19 | Jun 18 | Mar 17 | Mar 16 | Mar 15 | Jun 14 | Mar 13 | Mar 12 | Mar 11 | Mar 10 | Mar 09 | Mar 08 | Mar 07 | Mar 06 | Mar 05 | Sep 01 | Mar 00 | Mar 99 | Mar 98 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 3 | 1 | 1 | 3 | 1 | 18 | 16 | 13 | 13 | 13 | 18 | 20 | 16 | 16 | 15 | 16 | 18 | 19 | 9 | 14 | 10 | 9 | 14 | 18 | 16 | 12 | 15 | 19 | 7 |
EPS | - | - | - | - | - | $1.28 | $0.30 | $4.28 | $1.94 | $-1.11 | $0.41 | $1.84 | $0.99 | $-0.69 | $-0.98 | $0.07 | $-0.50 | $0.02 | $1.64 | $1.07 | $-1.86 | $4.03 | $3.86 | $2.53 | $4.24 | $-1.93 | $1.05 | $0.12 | $1.91 |
Avg Forecast | $0.58 | $0.74 | $0.91 | $-2.08 | $0.99 | $1.43 | $1.95 | $1.43 | $1.21 | $1.01 | $1.18 | $0.87 | $0.43 | $-0.09 | $-0.17 | $0.05 | $-0.25 | $0.72 | $0.66 | $0.20 | $-0.98 | $4.46 | $2.74 | $2.46 | $5.11 | $-0.78 | $0.89 | $0.11 | $1.13 |
High Forecast | $0.71 | $0.74 | $0.91 | $-1.94 | $0.99 | $1.43 | $1.95 | $1.43 | $1.45 | $1.21 | $1.41 | $1.04 | $0.52 | $-0.07 | $-0.14 | $0.06 | $-0.20 | $0.86 | $0.79 | $0.24 | $-0.78 | $5.35 | $3.29 | $2.95 | $6.13 | $-0.62 | $1.07 | $0.13 | $1.36 |
Low Forecast | $0.46 | $0.74 | $0.91 | $-2.32 | $0.99 | $1.43 | $1.95 | $1.43 | $0.97 | $0.81 | $0.94 | $0.70 | $0.34 | $-0.11 | $-0.21 | $0.04 | $-0.30 | $0.58 | $0.53 | $0.16 | $-1.17 | $3.57 | $2.19 | $1.97 | $4.09 | $-0.93 | $0.71 | $0.09 | $0.90 |
Surprise % | - | - | - | - | - | 0.90% | 0.15% | 3.00% | 1.60% | -1.10% | 0.35% | 2.11% | 2.30% | 7.67% | 5.75% | 1.43% | 2.00% | 0.03% | 2.49% | 5.36% | 1.90% | 0.90% | 1.41% | 1.03% | 0.83% | 2.48% | 1.18% | 1.08% | 1.69% |
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% | - |
GGB | Gerdau | $3.11 | $5.00 | 60.77% | Buy |
CLF | Cleveland-Cliffs | $13.11 | $19.85 | 51.41% | Buy |
MT | ArcelorMittal | $24.81 | $36.87 | 48.61% | Buy |
TX | Ternium | $34.25 | $50.00 | 45.99% | Buy |
PKX | POSCO | $62.01 | $77.00 | 24.17% | Hold |
CMC | Commercial Metals Company | $53.96 | $59.75 | 10.73% | Buy |
NUE | Nucor | $142.60 | $150.11 | 5.27% | Hold |
STLD | Steel Dynamics | $133.58 | $134.00 | 0.31% | Buy |
RS | Reliance Steel & Aluminum | $289.04 | $277.50 | -3.99% | Buy |
X | United States Steel | $38.26 | $36.07 | -5.72% | Buy |
MT Forecast FAQ
Is ArcelorMittal a good buy?
Yes, according to 10 Wall Street analysts, ArcelorMittal (MT) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 60.00% 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 48.61% from its last price of $24.81. The data is based on 10 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 48.61% (from the last price of $24.81 to the average price target of $36.87), up by 101.53% based on the highest stock price target, and up by 19.31% based on the lowest stock price target.
Can ArcelorMittal stock reach $40?
MT's highest twelve months analyst stock price target of $50 supports the claim that ArcelorMittal can reach $40 in the near future.
What are ArcelorMittal's analysts' financial forecasts?
MT's analysts financial forecasts for the fiscal year (Dec 2023) are as follows: average revenue is $51.16B (high $55.7B, low $46.62B), average EBITDA is $8.85B (high $9.88B, low $7.82B), average net income is $2.7B (high $3.53B, low $1.8B), average SG&A $1.64B (high $1.78B, low $1.49B), and average EPS is $0.339 (high $0.479, low $0.0989).
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, beating the average analysts forecast of $37.61B by 112.29%. Apple's EBITDA was $15.07B, beating the average prediction of $7.63B by 97.54%. The company's net income was $9.3B, beating the average estimation of $6.86B by 35.60%. Apple's SG&A was $2.26B, beating the average forecast of $1.2B by 88.18%. Lastly, the company's EPS was $8.42, beating the average prediction of $3.38 by 148.93%. 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%