ArcelorMittal (MT) Stock Forecast & Price Target

$66.95 +0.83 (+1.26%)

Closing price 07/24/2026 03:59 PM Eastern

Extended Trading

$66.69 -0.26 (-0.39%)

As of 07/24/2026 07:34 PM Eastern

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ArcelorMittal - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 12 Analyst Ratings

Sell
0

Hold
6

Buy
6

Based on 12 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 12 analysts, 6 have given a hold rating, and 6 have given a buy rating for MT.

Consensus Price Target

$68.40
2.17% Upside

According to the 12 analysts' twelve-month price targets for ArcelorMittal, the average price target is $68.40. The highest price target for MT is $73.20, while the lowest price target for MT is $62.00. The average price target represents a forecasted upside of 2.17% from the current price of $66.95.

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.

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MT Analyst Ratings Over Time

Type	Current Forecast 7/25/25 to 7/25/26	1 Month Ago 6/25/25 to 6/25/26	3 Months Ago 4/26/25 to 4/26/26	1 Year Ago 7/25/24 to 7/25/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	3 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$68.40	$61.07	$60.73	$32.95
Forecasted Upside	2.17% Upside	-1.02% Downside	1.64% Upside	-2.10% Downside
Consensus Rating	Moderate Buy	Hold	Hold	Hold

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	Broader Market
Consensus Rating Score	2.50	2.60	2.52
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	2.17% Upside	161.92% Upside	14.30% Upside
News Sentiment Rating	Positive News See Recent MT News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
7/10/2026	JPMorgan Chase & Co. 3 of 5 stars	Dominic O'Kane Not Rated	Upgrade	Underweight ➝ Neutral
7/9/2026	Wells Fargo & Company 3 of 5 stars	Timna Tanners Not Rated	Boost Target	Equal Weight	$61.00 ➝ $62.00	-1.95%
7/7/2026	Deutsche Bank Aktiengesellschaft 2 of 5 stars		Reiterated Rating	Buy	$70.00	+8.21%
7/6/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
5/20/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
5/4/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold (C) ➝ Buy (B-)
4/21/2026	Santander Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Outperform ➝ Neutral
3/25/2026	KeyCorp Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Sector Weight
2/17/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Overweight
1/14/2026	Oddo Bhf Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Neutral ➝ Outperform
Get the Latest News and Ratings for MT and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for ArcelorMittal and its competitors with MarketBeat's FREE daily newsletter.
11/17/2025	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Andrew Jones Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Buy ➝ Neutral
10/10/2025	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy ➝ Neutral
7/16/2025	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Amos Fletcher Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Overweight ➝ Equal Weight
11/14/2024	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$30.00 ➝ $32.90	+38.38%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:26 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 Friday, July 24, 2026. 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.:

The company reported earnings per share of $0.76 for the latest quarter, surpassing analysts' expectations, indicating strong financial performance.
ArcelorMittal's revenue increased by 4.5% year-over-year, showcasing growth in its operations and demand for its products.
Analysts have a consensus target price of around $68.40, suggesting potential upside for investors based on current market evaluations.
Several analysts have recently upgraded their ratings on the stock, reflecting positive sentiment and confidence in the company's future prospects.
The company operates in a diverse range of sectors, including automotive and construction, which can help mitigate risks associated with market fluctuations.

ArcelorMittal
Bear Case

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

The company’s revenue for the latest quarter fell short of analysts' expectations, which may raise concerns about future performance.
ArcelorMittal's earnings per share decreased from $1.05 in the same quarter last year, indicating a decline in profitability.
The net margin of 4.71% and return on equity of 4.77% are relatively low, suggesting that the company may not be maximizing its profitability effectively.
Market volatility and fluctuations in raw material prices can significantly impact the company's operational costs and profit margins.
Despite recent upgrades, the overall consensus rating remains a "Hold," indicating that many analysts are cautious about the stock's immediate potential.

MT Forecast - Frequently Asked Questions

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for ArcelorMittal is $68.40, with a high forecast of $73.20 and a low forecast of $62.00.

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ArcelorMittal in the last year. There are currently 6 hold ratings and 6 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 2.17% based on their 12-month stock forecasts.

Over the previous 90 days, ArcelorMittal's stock had 2 upgrades by analysts.

ArcelorMittal has been rated by research analysts at Citigroup, Deutsche Bank Aktiengesellschaft, Jefferies Financial Group, JPMorgan Chase & Co., Weiss Ratings, and Wells Fargo & Company in the past 90 days.

Analysts like ArcelorMittal less than other "basic materials" companies. The consensus rating score for ArcelorMittal is 2.50 while the average consensus rating score for "basic materials" companies is 2.60. Learn more on how MT compares to other companies.

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This page (NYSE:MT) was last updated on 7/25/2026 by MarketBeat.com Staff.

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ArcelorMittal (MT) Stock Forecast & Price Target

ArcelorMittal - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

MT Analyst Ratings Over Time

MT Analyst Recommendations By Month

MT Price Targets by Month

ArcelorMittal Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy ArcelorMittal Stock? MT Pros and Cons Explained

ArcelorMittal
Bull Case

ArcelorMittal
Bear Case

MT Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With ArcelorMittal Recommendations

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ArcelorMittal (MT) Stock Forecast & Price Target

ArcelorMittal - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

MT Analyst Ratings Over Time

MT Analyst Recommendations By Month

MT Price Targets by Month

ArcelorMittal Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy ArcelorMittal Stock? MT Pros and Cons Explained

ArcelorMittal Bull Case

ArcelorMittal Bear Case

MT Forecast - Frequently Asked Questions

What is ArcelorMittal's forecast for 2026?

Should I buy or sell ArcelorMittal stock right now?

Does ArcelorMittal's stock price have much upside?

Has ArcelorMittal been upgraded by Wall Street analysts recently?

What analysts cover ArcelorMittal?

Do Wall Street analysts like ArcelorMittal more than its competitors?

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With ArcelorMittal Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

ArcelorMittal
Bull Case

ArcelorMittal
Bear Case