ArcelorMittal S.A. (MT)
NYSE: MT · IEX Real-Time Price · USD
22.55
-0.27 (-1.18%)
At close: Jul 19, 2024, 4:00 PM
22.97
+0.42 (1.86%)
Pre-market: Jul 22, 2024, 7:07 AM EDT
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 34.37% from the current stock price of 22.55.
Analyst Consensus: Hold
* Price targets were last updated on May 9, 2024.
Analyst Ratings
The average analyst rating for ArcelorMittal stock from 4 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 3 | 3 | 2 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 3 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Hold Initiates $30 | Hold | Initiates | $30 | +31.26% | May 9, 2024 |
| Deutsche Bank | Deutsche Bank | Strong Buy → Hold Downgrades $34 → $31 | Strong Buy → Hold | Downgrades | $34 → $31 | +37.47% | Apr 16, 2024 |
| JP Morgan | JP Morgan | Hold → Buy Upgrades n/a | Hold → Buy | Upgrades | n/a | n/a | Dec 12, 2023 |
| B of A Securities | B of A Securities | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | Oct 18, 2023 |
| Barclays | Barclays | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Apr 3, 2023 |
Financial Forecast
Revenue This Year
66.60B
from 68.28B
Decreased by -2.45%
Revenue Next Year
67.70B
from 66.60B
Increased by 1.64%
EPS This Year
4.33
from 1.09
Increased by 297.36%
EPS Next Year
5.18
from 4.33
Increased by 19.59%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 74.3B | 76.8B | 76.7B |
| Avg | 66.6B | 67.7B | 68.9B |
| Low | 58.9B | 58.8B | 58.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 8.8% | 15.2% | 13.2% |
| Avg | -2.5% | 1.6% | 1.8% |
| Low | -13.8% | -11.8% | -13.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.44 | 6.51 | 7.22 |
| Avg | 4.33 | 5.18 | 5.71 |
| Low | 3.33 | 3.43 | 4.26 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 399.0% | 50.3% | 39.5% |
| Avg | 297.4% | 19.6% | 10.3% |
| Low | 205.7% | -20.8% | -17.7% |
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.