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NYSE: MT
Arcelormittal Stock Forecast, Predictions & Price Target

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Analyst price target for MT

Based on 2 analysts offering 12 month price targets for Arcelormittal.
Min Forecast
$39.00+91.83%
Avg Forecast
$40.50+99.21%
Max Forecast
$42.00+106.59%

Should I buy or sell MT stock?

Based on 3 analysts offering ratings for Arcelormittal.
Buy
Strong Buy
1 analysts 33.33%
Buy
1 analysts 33.33%
Hold
1 analysts 33.33%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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MT stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Deutsche Bank
Bottom 48%
48
Strong BuyMaintains$39.00+91.83%2022-07-07
Credit Suisse
Bottom 40%
40
BuyUpgrades$42.00+106.59%2021-10-14
KeyBanc
Top 3%
98
HoldDowngradesN/AN/A2021-10-14

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Forecast return on equity

Is MT forecast to generate an efficient return?
Company
10.39%
Industry
16.96%
Market
108.79%
MT's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is MT forecast to generate an efficient return on assets?
Company
5.64%
Industry
8.22%
MT is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

MT earnings per share forecast

What is MT's earnings per share in the next 3 years based on estimates from 5 analysts?
Avg 1 year Forecast
$12.48-7.76%
Avg 2 year Forecast
$4.88-63.93%
Avg 3 year Forecast
$5.60-58.61%
MT's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

MT revenue forecast

What is MT's revenue in the next 3 years based on estimates from 4 analysts?
Avg 1 year Forecast
$77.9B+1.68%
Avg 2 year Forecast
$60.8B-20.63%
Avg 3 year Forecast
$62.1B-18.96%
MT's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

MT earnings growth forecast

How is MT forecast to perform vs Steel companies and vs the US market?
Company
-27.57%
Industry
-28.1%
Market
18.27%
MT's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
MT's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
MT's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

MT revenue growth forecast

How is MT forecast to perform vs Steel companies and vs the US market?
Company
-7.14%
Industry
-7.64%
Market
8.22%
MT's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
MT's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

MT vs Steel Stocks

TickerPricePrice TargetUp/downsideConsensus
MT$20.33$40.50+99.21%Buy
PKX$40.61N/AN/AHold
STLD$70.19$85.00+21.10%Hold
RS$170.99$216.60+26.67%Strong Buy
NUE$105.87$132.00+24.68%Hold

Arcelormittal Stock Forecast FAQ

Is Arcelormittal Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 3 Wall Street analysts covering (NYSE: MT) stock is to Buy MT stock.

Out of 3 analysts, 1 (33.33%) are recommending MT as a Strong Buy, 1 (33.33%) are recommending MT as a Buy, 1 (33.33%) are recommending MT as a Hold, 0 (0%) are recommending MT as a Sell, and 0 (0%) are recommending MT as a Strong Sell.

If you're new to stock investing, here's how to buy Arcelormittal stock.

What is MT's earnings growth forecast for 2022-2024?

(NYSE: MT) Arcelormittal's forecast annual earnings growth rate of -27.57% is forecast to beat the US Steel industry's average forecast earnings growth rate of -28.1%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 18.27%.

Arcelormittal's earnings in 2022 is $14,956,000,000.On average, 5 Wall Street analysts forecast MT's earnings for 2022 to be $11,367,947,161, with the lowest MT earnings forecast at $10,794,084,444, and the highest MT earnings forecast at $12,105,770,655. On average, 5 Wall Street analysts forecast MT's earnings for 2023 to be $4,445,158,826, with the lowest MT earnings forecast at $2,231,688,345, and the highest MT earnings forecast at $7,059,422,316.

In 2024, MT is forecast to generate $5,101,001,931 in earnings, with the lowest earnings forecast at $4,554,466,010 and the highest earnings forecast at $5,638,428,920.

What is MT's revenue growth forecast for 2022-2024?

(NYSE: MT) Arcelormittal's forecast annual revenue growth rate of -7.14% is forecast to beat the US Steel industry's average forecast revenue growth rate of -7.64%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 8.22%.

Arcelormittal's revenue in 2022 is $76,571,000,000.On average, 4 Wall Street analysts forecast MT's revenue for 2022 to be $70,920,352,069,898, with the lowest MT revenue forecast at $67,982,692,344,866, and the highest MT revenue forecast at $73,494,261,169,003. On average, 4 Wall Street analysts forecast MT's revenue for 2023 to be $55,358,263,655,533, with the lowest MT revenue forecast at $49,994,592,006,138, and the highest MT revenue forecast at $61,702,247,677,852.

In 2024, MT is forecast to generate $56,525,382,006,324 in revenue, with the lowest revenue forecast at $50,711,428,520,384 and the highest revenue forecast at $62,339,335,492,263.

What is MT's forecast return on assets (ROA) for 2022-2024?

(NYSE: MT) forecast ROA is 5.64%, which is lower than the forecast US Steel industry average of 8.22%.

What is MT's Price Target?

According to 2 Wall Street analysts that have issued a 1 year MT price target, the average MT price target is $40.50, with the highest MT stock price forecast at $42.00 and the lowest MT stock price forecast at $39.00.

On average, Wall Street analysts predict that Arcelormittal's share price could reach $40.50 by Jul 7, 2023. The average Arcelormittal stock price prediction forecasts a potential upside of 99.21% from the current MT share price of $20.33.

What is MT's Earnings Per Share (EPS) forecast for 2022-2024?

(NYSE: MT) Arcelormittal's current Earnings Per Share (EPS) is $13.53. On average, analysts forecast that MT's EPS will be $12.48 for 2022, with the lowest EPS forecast at $11.85, and the highest EPS forecast at $13.29. On average, analysts forecast that MT's EPS will be $4.88 for 2023, with the lowest EPS forecast at $2.45, and the highest EPS forecast at $7.75. In 2024, MT's EPS is forecast to hit $5.60 (min: $5.00, max: $6.19).

What is MT's forecast return on equity (ROE) for 2022-2024?

(NYSE: MT) forecast ROE is 10.39%, which is considered weak.
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