ArcelorMittal (MT) Stock Forecast & Price Target

$23.98 -0.55 (-2.24%)

(As of 12/17/2024 ET)

ArcelorMittal - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 5 Analyst Ratings

Sell
0

Hold
2

Buy
3

Based on 5 Wall Street analysts who have issued ratings for ArcelorMittal in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 5 analysts, 2 have given a hold rating, and 3 have given a buy rating for MT.

Consensus Price Target

$31.17
30.00% Upside

According to the 5 analysts' twelve-month price targets for ArcelorMittal, the average price target is $31.17. The highest price target for MT is $32.90, while the lowest price target for MT is $29.60. The average price target represents a forecasted upside of 30.00% from the current price of $23.98.

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MT Analyst Ratings Over Time

Type	Current Forecast 12/19/23 to 12/18/24	1 Month Ago 11/19/23 to 11/18/24	3 Months Ago 9/20/23 to 9/19/24	1 Year Ago 12/19/22 to 12/19/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$31.17	$31.17	$30.30	$33.00
Forecasted Upside	30.00% Upside	21.96% Upside	24.31% Upside	13.99% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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MT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

ArcelorMittal Stock vs. The Competition

Type	ArcelorMittal	Basic Materials Companies	S&P 500
Consensus Rating Score	2.60	2.76	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	30.00% Upside	134.37% Upside	12.02% Upside
News Sentiment Rating	Neutral News See Recent MT News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/14/2024	Bank of America 3 of 5 stars		Upgrade	Neutral ➝ Buy	$30.00 ➝ $32.90	+38.38%
10/11/2024	JPMorgan Chase & Co. 3 of 5 stars		Downgrade	Overweight ➝ Neutral
8/28/2024	Deutsche Bank Aktiengesellschaft 3 of 5 stars		Upgrade	Hold ➝ Buy	$29.00 ➝ $31.00	+32.08%
8/19/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Fletcher Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight
5/9/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$29.60	+16.63%
3/28/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 05:15 AM ET.

Should I Buy ArcelorMittal Stock? MT Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, December 12, 2024. Please send any questions or comments about these ArcelorMittal pros and cons to contact@marketbeat.com.

ArcelorMittal
Bull Case

Here are some ways that investors could benefit from investing in ArcelorMittal S.A.:

ArcelorMittal S.A. reported earnings per share of $0.63 for the latest quarter, exceeding the consensus estimate of $0.58, indicating strong financial performance and effective cost management.
The company had a positive return on equity of 5.26%, suggesting that it is effectively using shareholders' equity to generate profits, which is a favorable sign for investors.
Recent upgrades from major financial institutions, such as Bank of America raising its rating to "buy" and increasing the price target to $32.90, reflect positive market sentiment and potential for stock appreciation.
The current stock price is $25.31, which is below the average target price of $31.17 set by analysts, indicating potential upside for investors looking for growth opportunities.
Despite a year-over-year revenue decline of 8.5%, the company still generated $15.20 billion in revenue, which shows resilience in a challenging market environment.

ArcelorMittal
Bear Case

Investors should be bearish about investing in ArcelorMittal S.A. for these reasons:

The company reported a negative net margin of 1.99%, indicating that it is currently operating at a loss after accounting for all expenses, which could be a red flag for potential investors.
Year-over-year earnings per share decreased from $1.10 to $0.63, highlighting a significant decline in profitability that may concern investors about future performance.
Institutional investors own only 9.88% of the company's stock, suggesting a lack of confidence from larger investment firms, which could impact stock stability.
With a PE ratio of -17.42, the company is currently unprofitable based on its earnings, which may deter risk-averse investors looking for stable returns.
The stock has a beta of 1.77, indicating higher volatility compared to the market, which means that investors may face greater risks in terms of price fluctuations.

MT Forecast - Frequently Asked Questions

: According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for ArcelorMittal is $31.17, with a high forecast of $32.90 and a low forecast of $29.60.
: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ArcelorMittal in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" MT shares.
: According to analysts, ArcelorMittal's stock has a predicted upside of 30.00% based on their 12-month stock forecasts.
: Over the previous 90 days, ArcelorMittal's stock had 1 upgrade and 1 downgrade by analysts.
: ArcelorMittal has been rated by research analysts at Bank of America, and JPMorgan Chase & Co. in the past 90 days.
: Analysts like ArcelorMittal less than other "basic materials" companies. The consensus rating score for ArcelorMittal is 2.60 while the average consensus rating score for "basic materials" companies is 2.77. Learn more on how MT compares to other companies.

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This page (NYSE:MT) was last updated on 12/18/2024 by MarketBeat.com Staff

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ArcelorMittal (MT) Stock Forecast & Price Target