ArcelorMittal (MT) Stock Price Target 2026

The average analyst price target for ArcelorMittal is $52.82, 17.2% below the current price. Of 6 analysts, 5 rate it Buy and 1 Hold. Targets range from $31.70 to $82. The latest change came on Oct 9, 2026, when UBS upgraded ArcelorMittal from Neutral to Buy.

The Average Analyst Price Target for ArcelorMittal is $52.82.

Price Target Range — 10 Quarters

Analyst Consensus — 6 Analysts

5Buy

1Hold

Consensus RatingBuy# Analysts6Avg. Consensus PT$52.82Upside to Avg. PT-17.2%

Rating Trend — Last 9 Months

Latest Upgrades and Downgrades for ArcelorMittal Stock

See all ratings →

Date	Firm	Analyst	Action	Rating Change	Price Target
Oct 9, 2026	UBS	Andrew Jones	Upgrade	Neutral→Buy	—
Oct 6, 2026	Wells Fargo	Timna Tanners	PT Cut	Equal-Weight	$69→$64
Aug 24, 2026	Morgan Stanley	Alain Gabriel	Initiate	Overweight	$82
Jul 31, 2026	Wells Fargo	Timna Tanners	PT Raise	Equal-Weight	$62→$69
Jul 10, 2026	JP Morgan	Dominic O'Kane	Upgrade	Underweight→Neutral	—
Jul 9, 2026	Wells Fargo	Timna Tanners	PT Raise	Equal-Weight	$61→$62
May 1, 2026	Wells Fargo	Timna Tanners	PT Raise	Equal-Weight	$60→$61
Apr 16, 2026	Wells Fargo	Timna Tanners	PT Raise	Equal-Weight	$54→$60
Mar 9, 2026	JP Morgan	Dominic O'Kane	Downgrade	Overweight→Underweight	—
Feb 11, 2026	Jefferies	Cole Hathorn	Upgrade	Hold→Buy	$51→$73
Feb 6, 2026	Wells Fargo	Timna Tanners	PT Raise	Equal-Weight	$47→$54
Jan 21, 2026	Wells Fargo	Timna Tanners	PT Raise	Equal-Weight	$39→$47
Nov 17, 2025	UBS	Andrew Jones	Downgrade	Buy→Neutral	—
Nov 7, 2025	JP Morgan	Dominic O'Kane	Upgrade	Neutral→Overweight	—
Oct 23, 2025	Wells Fargo	Timna Tanners	PT Raise	Equal-Weight	$33→$39
Aug 14, 2025	Wells Fargo	—	Initiate	Equal-Weight	$33
Jul 16, 2025	Barclays	Amos Fletcher	Downgrade	Overweight→Equal-Weight	—
Apr 10, 2025	Goldman Sachs	Matt Greene	Upgrade	Neutral→Buy	$29→$32
Mar 26, 2025	Jefferies	Cole Hathorn	Downgrade	Buy→Hold	$36
Feb 7, 2025	Deutsche Bank	Bastian Synagowitz	PT Raise	Buy	$31→$33