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ArcelorMittal
MTNYSE
ArcelorMittal (NYSE:MT) Stock, Analyst Ratings, Price Targets, Forecasts
ArcelorMittal SA has a consensus price target of $34.2 based on the ratings of 9 analysts. The high is $42 issued by Credit Suisse on October 14, 2021. The low is $29.6 issued by Goldman Sachs on May 9, 2024. The 3 most-recent analyst ratings were released by Goldman Sachs, Deutsche Bank, and Deutsche Bank on May 9, 2024, April 16, 2024, and February 10, 2023, respectively. With an average price target of $32.87 between Goldman Sachs, Deutsche Bank, and Deutsche Bank, there's an implied 41.36% upside for ArcelorMittal SA from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Goldman Sachs
Deutsche Bank
Credit Suisse
1calculated from analyst ratings
Analyst Ratings for ArcelorMittal
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 05/09/2024 | Buy Now | 27.31% | Goldman Sachs | Matt Greene | → $29.6 | Initiates | → Neutral | Get Alert |
| 04/16/2024 | Buy Now | 33.33% | Deutsche Bank | Bastian Synagowitz | $34 → $31 | Downgrade | Buy → Hold | Get Alert |
| 12/12/2023 | Buy Now | — | JP Morgan | Luke Nelson | — | Upgrade | Neutral → Overweight | Get Alert |
| 10/18/2023 | Buy Now | — | B of A Securities | Patrick Mann | — | Downgrade | Buy → Neutral | Get Alert |
| 04/03/2023 | Buy Now | — | Barclays | Amos Fletcher | — | Downgrade | Overweight → Equal-Weight | Get Alert |
| 03/29/2023 | Buy Now | — | UBS | Andrew Jones | — | Upgrade | Sell → Buy | Get Alert |
| 03/23/2023 | Buy Now | — | B of A Securities | Patrick Mann | — | Upgrade | Neutral → Buy | Get Alert |
| 02/10/2023 | Buy Now | 63.44% | Deutsche Bank | Bastian Synagowitz | $36 → $38 | Maintains | Buy | Get Alert |
| 12/14/2022 | Buy Now | — | B of A Securities | Jason Fairclough | — | Downgrade | Buy → Neutral | Get Alert |
| 10/06/2022 | Buy Now | — | UBS | Andrew Jones | — | Downgrade | Buy → Neutral | Get Alert |
| 07/07/2022 | Buy Now | 67.74% | Deutsche Bank | Bastian Synagowitz | $53 → $39 | Maintains | Buy | Get Alert |
| 10/14/2021 | Buy Now | 80.65% | Credit Suisse | Carsten Riek | — | Upgrade | Neutral → Outperform | Get Alert |
| 10/14/2021 | Buy Now | — | Keybanc | Philip Gibbs | — | Downgrade | Overweight → Sector Weight | Get Alert |
| 07/30/2021 | Buy Now | 72.04% | Keybanc | Philip Gibbs | — | Maintains | Overweight | Get Alert |
FAQ
What is the target price for ArcelorMittal (MT) stock?
The latest price target for ArcelorMittal (NYSE:MT) was reported by Goldman Sachs on May 9, 2024. The analyst firm set a price target for $29.60 expecting MT to rise to within 12 months (a possible 27.31% upside). 4 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for ArcelorMittal (MT)?
The latest analyst rating for ArcelorMittal (NYSE:MT) was provided by Goldman Sachs, and ArcelorMittal initiated their neutral rating.
When was the last upgrade for ArcelorMittal (MT)?
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.
When was the last downgrade for ArcelorMittal (MT)?
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.
When is the next analyst rating going to be posted or updated for ArcelorMittal (MT)?
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 May 9, 2024 so you should expect the next rating to be made available sometime around May 9, 2025.
Is the Analyst Rating ArcelorMittal (MT) correct?
While ratings are subjective and will change, the latest ArcelorMittal (MT) rating was a initiated with a price target of $0.00 to $29.60. The current price ArcelorMittal (MT) is trading at is $23.25, which is within the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.