ArcelorMittal Stock Forecast

Stock Price Forecast

According to 14 analysts polled by S&P Global, ArcelorMittal stock has a consensus rating of "Buy" and an average price target of €69.78. The average 1-year stock price forecast is 30.82% higher than the current stock price, while the lowest is €53.84 (+0.94%) and the highest is €82.62 (+54.89%).

Price Target: €69.78 (+30.82%)

Analyst Consensus: Buy

Price Target

Chart

Target	Low	Average	Median	High
Price	€53.84	€69.78	€70.39	€82.62
Change	+0.94%	+30.82%	+31.96%	+54.89%

Analyst Ratings

The average analyst rating for ArcelorMittal stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Chart

Rating	May '26	Jun '26	Jul '26	Aug '26	Sep '26	Oct '26
Strong Buy	7	7	7	7	7	8
Buy	3	3	3	3	3	4
Hold	3	3	4	4	4	2
Sell	1	1	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	14	14	14	14	14	14

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Dominic OKane J.P. Morgan	J.P. Morgan	Buy Upgrades €57.00 → €70.00	Buy	Upgrades	€57.00 → €70.00	+31.23%	Oct 15, 2026
Amos Fletcher Barclays	Barclays	Hold Maintains €55.00 → €60.00	Hold	Maintains	€55.00 → €60.00	+12.49%	Oct 13, 2026
Andrew Jones CFA UBS	UBS	Buy Upgrades €61.00 → €71.00	Buy	Upgrades	€61.00 → €71.00	+33.11%	Oct 9, 2026
Matt Greene Goldman Sachs	Goldman Sachs	Hold Maintains €48.00 → €54.00	Hold	Maintains	€48.00 → €54.00	+1.24%	Oct 6, 2026
Bastian Synagowitz Deutsche Bank	Deutsche Bank	Buy Maintains €71.00 → €70.00	Buy	Maintains	€71.00 → €70.00	+31.23%	Oct 5, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

67.22B

from 61.35B

9.57%

from 61.35B

Revenue Next Year

73.47B

from 67.22B

9.30%

from 67.22B

EPS This Year

4.07

from 3.85

5.64%

from 3.85

EPS Next Year

7.45

from 4.07

83.26%

from 4.07

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	76.57B	79.84B	68.28B	62.44B	61.35B	67.22B
Revenue Growth	43.74%	4.27%	-14.49%	-8.55%	-1.74%	9.57%
Gross Profit	19.05B	13.96B	5.78B	6.12B	4.58B	7.31B
Gross Margin	24.87%	17.49%	8.46%	9.80%	7.47%	10.88%
Operating Income	16.63B	11.65B	3.14B	3.44B	1.67B	4.62B
Net Income	14.96B	9.30B	919.00M	1.34B	3.15B	2.52B
EPS	-	-	-	-	3.85	4.07
EPS Growth	-	-	-	-	30.51%	5.64%
Forward PE	2.64	5.50	7.85	6.51	10.78	14.67
Dividend / Share	0.38	0.44	0.50	0.55	0.60	0.61
Dividend Growth	26.67%	15.79%	13.64%	10.00%	9.09%	1.97%
Free Cash Flow	-	-	-	-	471.00M	1.53B
No. Analysts	-	-	-	-	-	16

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Chart

Revenue	2026	2027	2028
High	68.4B
Avg	67.2B
Low	66.0B

Revenue Growth

Chart

Revenue Growth	2026	2027	2028
High	11.5%
Avg	9.6%
Low	7.5%

EPS Forecast

Chart

EPS	2026	2027	2028
High	4.67
Avg	4.07
Low	3.72

EPS Growth

Chart

EPS Growth	2026	2027	2028
High	21.3%
Avg	5.6%
Low	-3.4%