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ArcelorMittal (MT): analyst forecast and price target

$63.05 −0.86% close 16.10.26 · market cap $47.8B · Basicmaterials · Steel
Price targets and ratings of

Analyst consensus

Strong Buy

3 Buy1 Hold0 Sell

Ratings of 4 analysts in the last 3 months · top analysts only

12-month forecast

$79.33+25.8% upside

Based on 4 price targets given in the last 3 months, the average target is $79.33, the highest $93.00, the lowest $63.30. The average is +25.8% from the last price of $63.05.

$40.00$60.00$80.00Jan 26AprJulOctJan 27AprJulOctHigh$93.00Average$79.33Low$63.30
Highest target $93.00 Average target $79.33 Lowest target $63.30
AnalystFirmPrice target RatingUpsideAction Date Move vs SPY
Unknown Analyst Goldman Sachs $56.40 → $63.30+12.2% Hold +0.4% Reiterated 06.10.26on TipRanks 06:55 +0.2%next day −4.2% · 5 days −2.5%
Timna Tanners★★★★★★★★★★#3057 · hits 55% · avg +4.1% Wells Fargo $69.00 → $64.00−7.2% Hold +1.5% Assigned 06.10.26on TipRanks 06:10 +0.2%next day −4.2% · 5 days −2.5%
Bastian Synagowitz★★★★★★★★★★#742 · hits 54% · avg +17.1% Deutsche Bank $81.00 → $79.00−2.5% Buy +25.3% Assigned 05.10.26on TipRanks 08:40 −0.3%next day +0.2% · 5 days −3.2%
Alain Gabriel★★★★★★★★★★#528 · hits 64% · avg +16.2% Morgan Stanley $82.00 Buy +30.1% Initiated 21.08.26on TipRanks Aug 24 05:30 +1.1%next day +0.9% · 5 days +2.6%
Samuel McKinney★★★★★★★★★★#3618 · hits 79% · avg +11.6% KeyBanc — Hold — Reiterated 13.08.26on TipRanks 04:25 −2.0%next day +1.1% · 5 days −0.9%
Reinhardt van der Walt★★★★★★★★★★#2433 · hits 68% · avg +25.7% Bank of America Securities $80.00 → $93.00+16.3% Buy +47.5% Reiterated 11.08.26on TipRanks 09:15 +0.1%next day +0.4% · 5 days −1.9%
Timna Tanners★★★★★★★★★★#3057 · hits 55% · avg +4.1% Wells Fargo $62.00 → $69.00+11.3% Hold +9.4% Reiterated 31.07.26on TipRanks 07:18 +0.4%next day +1.0% · 5 days +1.2%
Unknown Analyst Jefferies $73.20 Buy +16.1% Upgrade 11.02.26on TipRanks Feb 12 14:40 +5.7%next day −6.0% · 5 days −2.2%

Every rating the collector has kept for the last 12 months, including the earlier ones of the same analyst. Latest of each analyst

Best analysts covering ArcelorMittal

TipRanks picks them by their record on this stock; the figures under the name are their record across all their ratings.

Most accurate

3 months Bastian Synagowitz★★★★★★★★★★Deutsche Bank · #742
Hits 54%129 of 238 Average return +17.1%
1 year Bastian Synagowitz★★★★★★★★★★Deutsche Bank · #742
Hits 54%129 of 238 Average return +17.1%
2 years Bastian Synagowitz★★★★★★★★★★Deutsche Bank · #742
Hits 54%129 of 238 Average return +17.1%

Most profitable

3 months Bastian Synagowitz★★★★★★★★★★Deutsche Bank · #742
Hits 54%129 of 238 Average return +17.1%
1 year Bastian Synagowitz★★★★★★★★★★Deutsche Bank · #742
Hits 54%129 of 238 Average return +17.1%
2 years Bastian Synagowitz★★★★★★★★★★Deutsche Bank · #742
Hits 54%129 of 238 Average return +17.1%

How the average price target moved

The average target of all analysts (their ratings of the 3 months before) on each day, the top analysts’ dashed, against the price; the site keeps this record since 1 October 2026. On 05.10.26: target $80.75 at a price of $64.51 (+25.2%); now: $76.26 at $63.05 (+21.0%).

$60.00$70.00$80.00Sep 15Oct 1Oct 15Top analysts$79.33Average target$76.26Price$63.05

PriceAverage targetTop analysts’ target

Recommendation trend · top analysts

02462Oct 2533Nov33Dec42Jan 2612Feb12Mar2AprMay1Jun3Jul5Aug4Sep31Oct

Strong BuyBuyHoldSell

Rating05.2606.2607.2608.2609.2610.26
Strong Buy000000
Buy013543
Hold000001
Sell000000

Earnings and sales forecast

Next report: 05.11.26 (Q3 2026, date not confirmed)

Earnings per share

Next quarter’s EPS estimate — $0.75 (from $0.51 to $0.92). Last quarter: $0.89.

Sales

Next quarter’s sales estimate — $17.1B (from $16.4B to $17.7B). Last quarter: $32.2B.

Best top-analyst consensus in the sector · Basicmaterials

HBMnot in our ETFs
KGCnot in our ETFs
USARUSA Rare Earth
SSRMSSR Mining
EQXnot in our ETFs
About ArcelorMittal

ArcelorMittal S.A. and its subsidiaries operate as a comprehensive, globally integrated steel production and mining enterprise, with operations spanning Europe, North and South America, Asia, and Africa. The firm's core steel offerings encompass a wide array of items. These include semi-finished flat goods, specifically slabs, alongside finished flat products like plates, hot-rolled and cold-rolled coils and sheets, galvanized coils and sheets (both hot-dipped and electro-galvanized), tinplate, and pre-painted coils and sheets. For long products, it manufactures semi-finished forms such as blooms and billets. Its finished long products consist of bars, wire-rods, structural sections, railway rails, sheet piles, and various wire products. Additionally, ArcelorMittal supplies both seamless and welded pipes and tubes. Beyond steel, the company's mining segment extracts and processes primary materials such as iron ore, presented as lumps, fines, concentrates, pellets, and sinter feeds. It also provides various types of coal, including coking coal, thermal coal, and coal for pulverized injection. These materials are distributed to a diverse clientele within sectors such as automotive, domestic appliances, engineering, construction, energy, and heavy machinery. Distribution occurs via its internal centralized marketing department and an extensive network of distributors. Its iron ore extraction operations are located in Brazil, Bosnia, Canada, Kazakhstan, Liberia, Mexico, South Africa, and Ukraine. Coal mining, however, is solely conducted in Kazakhstan. Established in 1976, ArcelorMittal S.A. maintains its corporate headquarters in Luxembourg City, Luxembourg.

Data from the stock’s TipRanks forecast page, read 11 min ago. It is read again as soon as a new rating appears and at least every 8 hours. TipRanks ↗