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 47.01% upside from MT’s last price of $25.08) 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 47.01% upside from MT's last price of $25.08.
MT Analyst Ratings
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
| 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% | 23.60% |
| May 09, 2024 | Matt Greene | Goldman Sachs | $29.60 | $25.38 | 16.63% | 18.02% |
| Jul 07, 2022 | - | Deutsche Bank | $39.00 | $22.19 | 75.75% | 55.50% |
| Apr 14, 2022 | Carsten Riek | Credit Suisse | $50.00 | $33.01 | 51.47% | 99.36% |
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 23.60% increase from MT last price ($25.08).
ArcelorMittal Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 2 |
| Avg Price Target | - | $31.00 | $30.30 |
| Last Closing Price | $25.08 | $25.08 | $25.08 |
| Upside/Downside | -100.00% | 23.60% | 20.81% |
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 $25.08. 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
| 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'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
| Mar 25 | Dec 24 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Avg Forecast | $16.85B | $15.34B | $15.25B | $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 |
| High Forecast | $17.77B | $17.16B | $16.13B | $17.26B | $17.35B | $15.69B | $18.26B | $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 |
| Low Forecast | $15.92B | $14.25B | $14.62B | $15.65B | $15.73B | $14.20B | $16.55B | $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 |
| # Analysts | 1 | 3 | 2 | 2 | 2 | 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 |
| 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% |
ArcelorMittal's average Quarter revenue forecast for Sep 23 based on 1 analysts is $17.26B, with a low forecast of $16.55B, and a high forecast of $18.26B. 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
| Mar 25 | Dec 24 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 3 | 2 | 2 | 2 | 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 |
| 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 |
| Avg Forecast | $1.96B | $1.79B | $1.78B | $1.90B | $5.91B | $1.74B | $2.01B | $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 |
| High Forecast | $2.07B | $2.00B | $1.88B | $2.01B | $7.09B | $1.83B | $2.13B | $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 |
| Low Forecast | $1.85B | $1.66B | $1.70B | $1.82B | $4.72B | $1.65B | $1.93B | $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 |
| 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 analysts predict MT's average Quarter EBITDA for Sep 23 to be $2.01B, with a high of $2.13B and a low of $1.93B. This is -0.62% lower than ArcelorMittal's previous annual EBITDA (Mar 23) of $2.02B.
ArcelorMittal Net Income Forecast
| Mar 25 | Dec 24 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 3 | 2 | 2 | 2 | 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 |
| 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 |
| Avg Forecast | $937.20M | $515.46M | $446.73M | $581.06M | $4.53B | $-1.62B | $773.19M | $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 |
| High Forecast | $1.01B | $718.52M | $480.35M | $624.80M | $5.44B | $-1.52B | $831.39M | $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 |
| Low Forecast | $887.23M | $288.97M | $422.91M | $550.08M | $3.62B | $-1.81B | $731.97M | $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 |
| 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% |
ArcelorMittal's average Quarter net income forecast for Sep 23 is $773.19M, with a range of $731.97M to $831.39M. MT's average Quarter net income forecast represents a -29.45% decrease compared to the company's last Quarter net income of $1.10B (Mar 23).
ArcelorMittal SG&A Forecast
| Mar 25 | Dec 24 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 3 | 2 | 2 | 2 | 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 |
| SG&A | - | - | - | - | - | - | - | - | $2.26B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $272.00M | $253.00M | $36.00M | $43.00M | $31.00M |
| Avg Forecast | $538.75M | $490.47M | $487.47M | $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 |
| High Forecast | $568.17M | $548.67M | $515.70M | $551.98M | $554.69M | $501.67M | $583.86M | $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 |
| Low Forecast | $509.02M | $455.62M | $467.48M | $500.37M | $502.83M | $454.02M | $529.27M | $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 |
| 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
| Mar 25 | Dec 24 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 3 | 2 | 2 | 2 | 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 |
| 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 |
| Avg Forecast | $1.20 | $0.66 | $0.57 | $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 |
| High Forecast | $1.29 | $0.92 | $0.62 | $0.80 | $0.98 | $-1.94 | $1.06 | $1.54 | $2.10 | $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 |
| Low Forecast | $1.14 | $0.37 | $0.54 | $0.70 | $0.86 | $-2.32 | $0.94 | $1.35 | $1.85 | $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 |
| 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% |
According to 1 Wall Street analysts, ArcelorMittal's projected average Quarter EPS for Sep 23 is $0.99, with a low estimate of $0.94 and a high estimate of $1.06. This represents a -22.66% 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 | $11.66 | $19.85 | 70.24% | Buy |
| TX | Ternium | $33.55 | $50.00 | 49.03% | Buy |
| MT | ArcelorMittal | $25.08 | $36.87 | 47.01% | Buy |
| PKX | POSCO | $52.56 | $77.00 | 46.50% | Hold |
| GGB | Gerdau | $3.47 | $5.00 | 44.09% | Buy |
| NUE | Nucor | $148.17 | $150.11 | 1.31% | Hold |
| CMC | Commercial Metals Company | $59.72 | $59.75 | 0.05% | Buy |
| X | United States Steel | $38.38 | $36.07 | -6.02% | Buy |
| STLD | Steel Dynamics | $144.04 | $134.00 | -6.97% | Buy |
| RS | Reliance Steel & Aluminum | $313.53 | $277.50 | -11.49% | Buy |