ArcelorMittal (MT) Stock Forecast & Price Target

$58.19 +2.80 (+5.05%)

Closing price 03:59 PM Eastern

Extended Trading

$58.00 -0.18 (-0.32%)

As of 04:27 PM Eastern

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

Consensus Rating

Hold

Based on 13 Analyst Ratings

Sell
1

Hold
7

Buy
5

Based on 13 Wall Street analysts who have issued ratings for ArcelorMittal in the last 12 months, the stock has a consensus rating of "Hold." Out of the 13 analysts, 1 has given a sell rating, 7 have given a hold rating, and 5 have given a buy rating for MT.

Consensus Price Target

$61.07
4.95% Upside

According to the 13 analysts' twelve-month price targets for ArcelorMittal, the average price target is $61.07. The highest price target for MT is $73.20, while the lowest price target for MT is $49.00. The average price target represents a forecasted upside of 4.95% from the current price of $58.19.

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 5/5/25 to 5/5/26	1 Month Ago 4/5/25 to 4/5/26	3 Months Ago 2/4/25 to 2/4/26	1 Year Ago 5/5/24 to 5/5/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)	4 Buy rating(s)
Hold	7 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)	3 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$61.07	$51.98	$40.98	$32.95
Forecasted Upside	4.95% Upside	-1.69% Downside	-26.87% Downside	8.63% Upside
Consensus Rating	Hold	Hold	Hold	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	2.31	2.56	2.52
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	10.31% Upside	217.75% Upside	15.38% 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
5/1/2026	Wells Fargo & Company 3 of 5 stars	Timna Tanners Not Rated	Boost Target	Equal Weight	$60.00 ➝ $61.00	+5.55%
4/21/2026	Santander 4 of 5 stars		Downgrade	Outperform ➝ Neutral
4/20/2026	Weiss Ratings Not Rated		Reiterated Rating	Hold (C)
3/25/2026	KeyCorp Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Sector Weight
3/9/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Dominic O'Kane Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Overweight ➝ Underweight
2/17/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Overweight
2/13/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
2/11/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Cole Hathorn Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Hold ➝ Buy	$51.10 ➝ $73.20	+15.99%
2/6/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Bastian Synagowitz Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy
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 Tuesday at 04:29 PM 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 Saturday, May 2, 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 recently reported a strong earnings per share (EPS) of $0.86, significantly surpassing analysts' expectations, indicating robust financial performance.
ArcelorMittal S.A. has a current stock price around $56.87, reflecting a solid market position and potential for growth.
With a debt-to-equity ratio of 0.19, the company maintains a low level of debt relative to its equity, suggesting financial stability and lower risk for investors.
Recent advancements in electric arc furnace (EAF) projects are expected to generate an additional EUR 1.8 billion in EBITDA by 2026, showcasing the company's commitment to innovation and future profitability.
The firm has a dividend yield of 1.0% with a low payout ratio of 12.44%, indicating a sustainable dividend policy that could provide steady income for investors.

ArcelorMittal
Bear Case

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

Despite recent revenue growth, the company reported quarterly revenue of $14.97 billion, which fell short of analyst estimates, raising concerns about future sales performance.
Near-term headwinds include elevated imports and energy volatility, which could negatively impact profitability and operational efficiency.
The company has a quick ratio of 0.53, indicating potential liquidity issues, as it may struggle to cover short-term liabilities without selling inventory.
Market analysts have mixed ratings on the stock, with some downgrading their outlook, which could lead to uncertainty among investors.
Ongoing geopolitical tensions and high energy costs, particularly related to the situation in Ukraine, pose risks to the company's earnings and overall market stability.

MT Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for ArcelorMittal is $61.07, with a high forecast of $73.20 and a low forecast of $49.00.
: 13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ArcelorMittal in the last year. There is currently 1 sell rating, 7 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MT, but not buy additional shares or sell existing shares.
: According to analysts, ArcelorMittal's stock has a predicted upside of 4.95% based on their 12-month stock forecasts.
: Over the previous 90 days, ArcelorMittal's stock had 2 upgrades and 2 downgrades by analysts.
: ArcelorMittal has been rated by research analysts at Citigroup, Deutsche Bank Aktiengesellschaft, Jefferies Financial Group, JPMorgan Chase & Co., KeyCorp, Morgan Stanley, Santander, Weiss Ratings, and Wells Fargo & Company in the past 90 days.
: Analysts like ArcelorMittal less than other "basic materials" companies. The consensus rating for ArcelorMittal is Hold while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how MT compares to other companies.

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This page (NYSE:MT) was last updated on 5/5/2026 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

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