ArcelorMittal S.A. (MT)
NYSE: MT · Real-Time Price · USD
23.23
-0.02 (-0.09%)
At close: Dec 26, 2024, 4:00 PM
23.15
-0.08 (-0.34%)
Pre-market: Dec 27, 2024, 4:05 AM EST
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 30.43% from the current stock price of 23.23.
Analyst Consensus: Buy
* Price targets were last updated on Aug 28, 2024.
Analyst Ratings
The average analyst rating for ArcelorMittal stock from 4 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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 1 | 1 | 1 | 1 | 1 |
| Buy | 1 | 2 | 2 | 2 | 2 | 1 |
| Hold | 3 | 2 | 2 | 3 | 3 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 5 | 5 | 6 | 6 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Oct 11, 2024 |
| Deutsche Bank | Deutsche Bank | Hold → Strong Buy Upgrades $29 → $31 | Hold → Strong Buy | Upgrades | $29 → $31 | +33.45% | 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 | +24.84% | Aug 2, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Initiates $30 | Hold | Initiates | $30 | +27.42% | May 9, 2024 |
Financial Forecast
Revenue This Year
64.88B
from 68.28B
Decreased by -4.97%
Revenue Next Year
66.50B
from 64.88B
Increased by 2.50%
EPS This Year
3.16
from 1.09
Increased by 189.77%
EPS Next Year
4.38
from 3.16
Increased by 38.81%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 70.3B | 74.7B | 76.9B |
| Avg | 64.9B | 66.5B | 68.8B |
| Low | 58.9B | 56.9B | 58.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.0% | 15.1% | 15.7% |
| Avg | -5.0% | 2.5% | 3.5% |
| Low | -13.8% | -12.4% | -12.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.06 | 6.18 | 5.97 |
| Avg | 3.16 | 4.38 | 5.07 |
| Low | 2.54 | 3.19 | 3.82 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 272.8% | 95.8% | 36.3% |
| Avg | 189.8% | 38.8% | 15.7% |
| Low | 132.9% | 0.8% | -12.8% |
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.