ArcelorMittal S.A. (MT)
NYSE: MT · Real-Time Price · USD
24.84
+0.26 (1.06%)
Nov 4, 2024, 1:13 PM EST - Market open

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 21.98% from the current stock price of 24.84.

Analyst Consensus: Buy
Target Low Average Median High
Price $29.6 $30.3 $31 $31
Change +19.16% +21.98% +24.80% +24.80%
* 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 May '24Jun '24Jul '24Aug '24Sep '24Oct '24
Strong Buy 000111
Buy 111222
Hold 333222
Sell 000000
Strong Sell 000000
Total 444555

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
JP Morgan
JP Morgan
Hold
Downgrades
n/a
Hold Downgrades n/a n/a Oct 11, 2024
Deutsche Bank
Deutsche Bank
Strong Buy
Upgrades
$29$31
Strong Buy Upgrades $29$31 +24.80% Aug 28, 2024
Barclays
Barclays
Buy
Upgrades
n/a
Buy Upgrades n/a n/a Aug 19, 2024
Deutsche Bank
Deutsche Bank
Hold
Maintains
$30$29
Hold Maintains $30$29 +16.75% Aug 2, 2024
Goldman Sachs
Goldman Sachs
Hold
Initiates
$30
Hold Initiates $30 +19.16% May 9, 2024
More Analyst Ratings

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%
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
70.62B53.27B76.57B79.84B68.28B64.88B66.50B68.82B
Revenue Growth
-7.13%-24.56%43.74%4.27%-14.49%-4.97%2.50%3.49%
EPS
-2.42-0.6413.4910.181.093.164.385.07
EPS Growth
----24.54%-89.29%189.77%38.81%15.73%
Forward PE
-----7.865.674.90
No. Analysts -----201916
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
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 202420252026
High
3.0%
15.1%
15.7%
Avg
-5.0%
2.5%
3.5%
Low
-13.8%
-12.4%
-12.3%

EPS Forecast

EPS 202420252026
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 202420252026
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.