ArcelorMittal (MT) Stock Forecast & Price Target

ArcelorMittal
Bull Case

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

• ArcelorMittal S.A. recently reported third-quarter earnings of $1.15 per share, significantly beating the analyst consensus estimate of $0.80 by $0.35, which demonstrates strong operational performance and profitability relative to market expectations.
• The company's third-quarter EBITDA rose to $2 billion, a 34% increase from the same period last year, driven by higher production levels and improved sales volumes, indicating a robust recovery in core business operations.
• ArcelorMittal S.A. is benefiting from higher steel tariffs in Europe, which are boosting profits and supporting margins, while European flat-steel shipments have increased contrary to typical seasonal patterns, suggesting strong regional demand.
• The stock is currently trading at $64.19, which is below the average analyst price target of $74.55, suggesting potential upside for investors as the consensus rating stands at "Moderate Buy" from fifteen analysts.
• Institutional investors have shown increased confidence, with several large funds such as Maple Rock Capital Partners Inc. and Arrowstreet Capital Limited Partnership significantly boosting their positions in the stock during the first and second quarters of 2026.