ArcelorMittal S.A. (MT)
NYSE: MT · IEX Real-Time Price · USD
25.16
+0.12 (0.46%)
Nov 30, 2023, 11:51 AM EST - Market open
ArcelorMittal Stock Forecast
Stock Price Forecast
According to 1 stock analyst, the 12-month stock price forecast for ArcelorMittal stock is $38, which predicts an increase of 51.06%. On average, analysts rate ArcelorMittal stock as a buy.
Analyst Consensus: Buy
* Price targets were last updated on Feb 10, 2023.
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 | Jun '23 | Jul '23 | Aug '23 | Sep '23 | Oct '23 | Nov '23 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 2 | 2 | 2 | 2 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| 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 |
| UBS | UBS | Strong Sell → Strong Buy Upgrades n/a | Strong Sell → Strong Buy | Upgrades | n/a | n/a | Mar 29, 2023 |
| B of A Securities | B of A Securities | Hold → Strong Buy Upgrades n/a | Hold → Strong Buy | Upgrades | n/a | n/a | Mar 23, 2023 |
| Deutsche Bank | Deutsche Bank | Strong Buy Maintains $36 → $38 | Strong Buy | Maintains | $36 → $38 | +51.06% | Feb 10, 2023 |
Financial Forecast
Revenue This Year
72.88B
from 79.84B
Decreased by -8.72%
Revenue Next Year
71.15B
from 72.88B
Decreased by -2.37%
EPS This Year
5.24
EPS Next Year
4.70
from 5.24
Decreased by -10.21%
Revenue Forecast
| Revenue | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | 76.9B | 79.4B | 81.7B |
| Avg | 72.9B | 71.1B | 71.4B |
| Low | 65.4B | 53.3B | 55.1B |
Revenue Growth
| Revenue Growth | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | -3.7% | 9.0% | 14.9% |
| Avg | -8.7% | -2.4% | 0.3% |
| Low | -18.0% | -26.9% | -22.6% |
EPS Forecast
| EPS | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | 5.69 | 5.76 | 7.25 |
| Avg | 5.24 | 4.70 | 5.39 |
| Low | 4.41 | 3.48 | 3.97 |
EPS Growth
| EPS Growth | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | - | 10.0% | 54.0% |
| Avg | - | -10.2% | 14.7% |
| Low | - | -33.6% | -15.5% |
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.