ArcelorMittal
(NYSE:MT)
$26.275
0.205[0.79%]
Last update: 3:31PM Get Real Time Here
Q1 2024 Earnings were released on Thu May 2nd, before the market open
The most recent conference call was at 9:30 AM, 1 day ago Click to view past webcast
Consensus Rating1
Overweight
Highest Price Target1
$31.00
Lowest Price Target1
$31.00
Consensus Price Target1
$11.00

ArcelorMittal Stock (NYSE:MT), Analyst Ratings, Price Targets, Predictions

ArcelorMittal SA has a consensus price target of $11, established from looking at the 15 latest analyst ratings. The last 3 analyst ratings were released from Deutsche Bank, JP Morgan, and B of A Securities on April 16, 2024, December 12, 2023, and October 18, 2023. With an average price target of $10.33 between Deutsche Bank, JP Morgan, and B of A Securities, there's an implied -60.74% downside for ArcelorMittal SA from these 3 analyst ratings.

Analyst Trend
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Dec 23
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Analyst Rating
12345
3.1
Hold
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Deutsche Bank
JP Morgan
B of A Securities
Barclays
UBS

1calculated from analyst ratings published within the last 3 years

Analyst Ratings for ArcelorMittal

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FAQ

Q

What is the target price for ArcelorMittal (MT)?

A

The latest price target for ArcelorMittal (NYSE: MT) was reported by Deutsche Bank on April 16, 2024. The analyst firm set a price target for $31.00 expecting MT to rise to within 12 months (a possible 17.98% upside). 3 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for ArcelorMittal (MT)?

A

The latest analyst rating for ArcelorMittal (NYSE: MT) was provided by Deutsche Bank, and ArcelorMittal downgraded their hold rating.

Q

When was the last upgrade for ArcelorMittal (MT)?

A

The last upgrade for ArcelorMittal SA happened on December 12, 2023 when JP Morgan raised their price target to N/A. JP Morgan previously had a neutral for ArcelorMittal SA.

Q

When was the last downgrade for ArcelorMittal (MT)?

A

The last downgrade for ArcelorMittal SA happened on April 16, 2024 when Deutsche Bank changed their price target from $34 to $31 for ArcelorMittal SA.

Q

When is the next analyst rating going to be posted or updated for ArcelorMittal (MT)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of ArcelorMittal, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for ArcelorMittal was filed on April 16, 2024 so you should expect the next rating to be made available sometime around April 16, 2025.

Q

Is the Analyst Rating ArcelorMittal (MT) correct?

A

While ratings are subjective and will change, the latest ArcelorMittal (MT) rating was a downgraded with a price target of $34.00 to $31.00. The current price ArcelorMittal (MT) is trading at is $26.28, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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