ArcelorMittal (MT) Stock Forecast, Price Target & Predictions


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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


The average price target for ArcelorMittal (MT) is $36.87 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $50.00 to $29.60. This represents a potential 48.61% upside from MT's last price of $24.81.

MT Analyst Ratings


Buy

According to 10 Wall Street analysts, ArcelorMittal's rating consensus is 'Buy'. The analyst rating breakdown for MT stock is 0 'Strong Buy' (0.00%), 6 'Buy' (60.00%), 4 'Hold' (40.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

ArcelorMittal Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 27, 2024Bastian SynagowitzDeutsche Bank$31.00$23.4732.08%24.95%
May 09, 2024Matt GreeneGoldman Sachs$29.60$25.3816.63%19.31%
Jul 07, 2022-Deutsche Bank$39.00$22.1975.75%57.19%
Apr 14, 2022Carsten RiekCredit Suisse$50.00$33.0151.47%101.53%
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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 24.95% increase from MT last price ($24.81).

ArcelorMittal Price Target by Period


1M3M12M
# Anlaysts-12
Avg Price Target-$31.00$30.30
Last Closing Price$24.81$24.81$24.81
Upside/Downside-100.00%24.95%22.13%

In the current month, the average price target of ArcelorMittal stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to ArcelorMittal's last price of $24.81. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Oct 11, 2024Wells Fargo-Equal-WeightDowngrade
Oct 02, 2024Oddo BHF-NeutralDowngrade
Aug 27, 2024Deutsche BankHoldBuyUpgrade
Aug 19, 2024BarclaysEqual-WeightOverweightUpgrade
Aug 09, 2024Morgan StanleyOverweightOverweightHold
Aug 02, 2024Deutsche BankHoldHoldHold
May 09, 2024Goldman Sachs-NeutralInitialise
Apr 30, 2024Santander-NeutralDowngrade
Apr 19, 2024BarclaysEqual-WeightEqual-WeightHold
Apr 19, 2024CitigroupBuyBuyHold
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ArcelorMittal's last stock rating was published by Wells Fargo on Oct 11, 2024. The company Downgrade its MT rating from "null" to "Equal-Weight".

ArcelorMittal Financial Forecast


ArcelorMittal Revenue Forecast

Sep 24Jun 24Mar 24Dec 23Sep 23Mar 23Dec 22Mar 22Mar 21Mar 20Mar 19Jun 18Mar 17Mar 16Mar 15Jun 14Mar 13Mar 12Mar 11Mar 10Mar 09Mar 08Mar 07Mar 06Mar 05Sep 01Mar 00Mar 99Mar 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
# Analysts31131181613131318201616151618199141091418161215197
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's average Quarter revenue forecast for Sep 23 based on 1 analysts is $17.26B, with a low forecast of $17.26B, and a high forecast of $17.26B. MT's average Quarter revenue forecast represents a -6.70% decrease compared to the company's last Quarter revenue of $18.50B (Mar 23).

ArcelorMittal EBITDA Forecast

Sep 24Jun 24Mar 24Dec 23Sep 23Mar 23Dec 22Mar 22Mar 21Mar 20Mar 19Jun 18Mar 17Mar 16Mar 15Jun 14Mar 13Mar 12Mar 11Mar 10Mar 09Mar 08Mar 07Mar 06Mar 05Sep 01Mar 00Mar 99Mar 98
# Analysts31131181613131318201616151618199141091418161215197
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%

1 analysts predict MT's average Quarter EBITDA for Sep 23 to be $2.24B, with a high of $2.24B and a low of $2.24B. This is 10.74% upper than ArcelorMittal's previous annual EBITDA (Mar 23) of $2.02B.

ArcelorMittal Net Income Forecast

Sep 24Jun 24Mar 24Dec 23Sep 23Mar 23Dec 22Mar 22Mar 21Mar 20Mar 19Jun 18Mar 17Mar 16Mar 15Jun 14Mar 13Mar 12Mar 11Mar 10Mar 09Mar 08Mar 07Mar 06Mar 05Sep 01Mar 00Mar 99Mar 98
# Analysts31131181613131318201616151618199141091418161215197
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's average Quarter net income forecast for Sep 23 is $795.96M, with a range of $795.96M to $795.96M. MT's average Quarter net income forecast represents a -27.38% decrease compared to the company's last Quarter net income of $1.10B (Mar 23).

ArcelorMittal SG&A Forecast

Sep 24Jun 24Mar 24Dec 23Sep 23Mar 23Dec 22Mar 22Mar 21Mar 20Mar 19Jun 18Mar 17Mar 16Mar 15Jun 14Mar 13Mar 12Mar 11Mar 10Mar 09Mar 08Mar 07Mar 06Mar 05Sep 01Mar 00Mar 99Mar 98
# Analysts31131181613131318201616151618199141091418161215197
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'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

Sep 24Jun 24Mar 24Dec 23Sep 23Mar 23Dec 22Mar 22Mar 21Mar 20Mar 19Jun 18Mar 17Mar 16Mar 15Jun 14Mar 13Mar 12Mar 11Mar 10Mar 09Mar 08Mar 07Mar 06Mar 05Sep 01Mar 00Mar 99Mar 98
# Analysts31131181613131318201616151618199141091418161215197
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%

According to 1 Wall Street analysts, ArcelorMittal's projected average Quarter EPS for Sep 23 is $0.99, with a low estimate of $0.99 and a high estimate of $0.99. This represents a -22.66% decrease compared to MT previous annual EPS of $1.28 (Mar 23).

ArcelorMittal Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
SCHNSchnitzer Steel Industries$33.20$215.00547.59%-
GGBGerdau$3.11$5.0060.77%Buy
CLFCleveland-Cliffs$13.11$19.8551.41%Buy
MTArcelorMittal$24.81$36.8748.61%Buy
TXTernium$34.25$50.0045.99%Buy
PKXPOSCO$62.01$77.0024.17%Hold
CMCCommercial Metals Company$53.96$59.7510.73%Buy
NUENucor$142.60$150.115.27%Hold
STLDSteel Dynamics$133.58$134.000.31%Buy
RSReliance Steel & Aluminum$289.04$277.50-3.99%Buy
XUnited States Steel$38.26$36.07-5.72%Buy

MT Forecast FAQ


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.

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.

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.

MT's highest twelve months analyst stock price target of $50 supports the claim that ArcelorMittal can reach $40 in the near future.

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).

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%