ArcelorMittal S.A. (MT)
NYSE: MT · Real-Time Price · USD
25.93
+1.26 (5.11%)
Sep 26, 2024, 4:00 PM EDT - Market closed
ArcelorMittal Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for ArcelorMittal stock have an average target of 30.3, with a low estimate of 29.6 and a high estimate of 31. The average target predicts an increase of 16.85% from the current stock price of 25.93.
Analyst Consensus: Buy
* Price targets were last updated on Aug 28, 2024.
Analyst Ratings
The average analyst rating for ArcelorMittal stock from 5 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 1 | 1 |
| Buy | 1 | 1 | 1 | 1 | 2 | 2 |
| Hold | 2 | 3 | 3 | 3 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 4 | 4 | 4 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Deutsche Bank | Deutsche Bank | Hold → Strong Buy Upgrades $29 → $31 | Hold → Strong Buy | Upgrades | $29 → $31 | +19.55% | Aug 28, 2024 |
| Barclays | Barclays | Hold → Buy Upgrades n/a | Hold → Buy | Upgrades | n/a | n/a | Aug 19, 2024 |
| Deutsche Bank | Deutsche Bank | Hold Maintains $30 → $29 | Hold | Maintains | $30 → $29 | +11.84% | Aug 2, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Initiates $30 | Hold | Initiates | $30 | +14.15% | May 9, 2024 |
| Deutsche Bank | Deutsche Bank | Strong Buy → Hold Downgrades $34 → $31 | Strong Buy → Hold | Downgrades | $34 → $31 | +19.55% | Apr 16, 2024 |
Financial Forecast
Revenue This Year
65.44B
from 68.28B
Decreased by -4.15%
Revenue Next Year
67.36B
from 65.44B
Increased by 2.94%
EPS This Year
3.44
from 1.09
Increased by 215.20%
EPS Next Year
4.67
from 3.44
Increased by 35.83%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 70.4B | 74.8B | 76.0B |
| Avg | 65.4B | 67.4B | 68.8B |
| Low | 59.5B | 57.5B | 60.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.1% | 14.3% | 12.9% |
| Avg | -4.2% | 2.9% | 2.1% |
| Low | -12.8% | -12.1% | -10.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.53 | 6.18 | 6.60 |
| Avg | 3.44 | 4.67 | 5.20 |
| Low | 2.45 | 2.35 | 4.23 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 315.2% | 80.0% | 41.5% |
| Avg | 215.2% | 35.8% | 11.4% |
| Low | 124.8% | -31.5% | -9.3% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.