ArcelorMittal (MT) Stock Forecast & Price Target

$23.24 +0.06 (+0.27%)

As of 01/17/2025 03:59 PM Eastern

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
34.10% 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 34.10% from the current price of $23.24.

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MT Analyst Ratings Over Time

Type	Current Forecast 1/19/24 to 1/18/25	1 Month Ago 12/20/23 to 12/19/24	3 Months Ago 10/21/23 to 10/20/24	1 Year Ago 1/19/23 to 1/19/24
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)	2 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	34.10% Upside	34.51% Upside	24.54% Upside	24.25% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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	2.52
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	34.10% Upside	129.84% Upside	12.42% Upside
News Sentiment Rating	Positive 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 Saturday at 08:21 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 Sunday, January 12, 2025. 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 performance relative to expectations.
The company has a positive return on equity of 5.26%, suggesting effective management in generating profits from shareholders' equity.
Despite a year-over-year revenue decline of 8.5%, the latest quarterly revenue of $15.20 billion surpassed analysts' expectations, reflecting resilience in a challenging market.
Recent upgrades from major financial institutions, including a "buy" rating from Bank of America and Deutsche Bank, indicate growing confidence in the stock's potential for appreciation.
The current stock price is $23.18, which may present a buying opportunity for investors looking for value in the basic materials sector.

ArcelorMittal
Bear Case

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

The company has a negative net margin of 1.99%, which indicates that it is currently spending more to operate than it is earning, raising concerns about profitability.
Quarterly revenue has decreased by 8.5% compared to the same period last year, suggesting potential challenges in maintaining sales growth.
JPMorgan Chase & Co. recently downgraded the stock from "overweight" to "neutral," signaling a cautious outlook from a major financial institution.
With a debt-to-equity ratio of 0.16, while relatively low, any increase in debt could impact financial stability, especially in a volatile market.
Analysts project an earnings per share of only 2.93 for the current year, which may not meet investor expectations for growth.

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 equities research analysts have issued "buy," "hold," and "sell" ratings for ArcelorMittal in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MT shares.
: According to analysts, ArcelorMittal's stock has a predicted upside of 34.10% based on their 12-month stock forecasts.
: Over the previous 90 days, ArcelorMittal's stock had 1 upgrade by analysts.
: ArcelorMittal has been rated by research analysts at Bank of America 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 2.76. Learn more on how MT compares to other companies.

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This page (NYSE:MT) was last updated on 1/18/2025 by MarketBeat.com Staff

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ArcelorMittal (MT) Stock Forecast & Price Target