Bull
$33.35
Scenario price
$63.050
-0.542 (-0.86%)At close
ArcelorMittal SA is a Luxembourg-based holding company. The Company, via its subsidiaries, owns and operates steel, iron ore manufacturing and coal mining facilities in Europe, North and South America, Asia, and Africa. The Company is organized in five operating segments: NAFTA; Brazil; Europe; Africa and Commonwealth of Independent States (ACIS), and Mining. The NAFTA, Brazil, Europe, and ACIS segments produce flat, long, and tubular products including slabs, hot-rolled coil, cold-rolled coil, coated steel products, among others. The Mining segment provides steel operations and comprises all mines owned by the Company in the Americas, Europe, Africa, and countries of the Commonwealth of Independent States (CIS).
ArcelorMittal is a good buy right now due to its current price of $63.05 being significantly lower than the average analyst price target of $82, indicating a potential upside of approximately 30%. Additionally, the forward P/E ratio of 11.31 suggests the stock is undervalued compared to its earnings potential. The main risk is the RSI of 40.28, indicating the stock is nearing oversold territory, which could lead to further short-term price declines.
UBS
—
2026-10-09
UBS
2026-10-09
Price Target
—
Deutsche Bank
$79
2026-10-05
Deutsche Bank
2026-10-05
Price Target
$79
Deutsche Bank
—
2026-09-04
Deutsche Bank
2026-09-04
Price Target
—
Morgan Stanley
$82
2026-08-24
Morgan Stanley
2026-08-24
Price Target
$82
BofA
$93
2026-08-11
BofA
2026-08-11
Price Target
$93
Scenario prices are the last monthly forecast band of the current year. Probabilities are fixed model weights (25 / 50 / 25), not guarantees.
ArcelorMittal SA is a Luxembourg-based holding company. The Company, via its subsidiaries, owns and operates steel, iron ore manufacturing and coal mining facilities in Europe, North and South America, Asia, and Africa. The Company is organized in five operating segments: NAFTA; Brazil; Europe; Africa and Commonwealth of Independent States (ACIS), and Mining. The NAFTA, Brazil, Europe, and ACIS segments produce flat, long, and tubular products including slabs, hot-rolled coil, cold-rolled coil, coated steel products, among others. The Mining segment provides steel operations and comprises all mines owned by the Company in the Americas, Europe, Africa, and countries of the Commonwealth of Independent States (CIS). It operates in the Basic Materials sector.
ArcelorMittal is a good buy right now due to its current price of $63.05 being significantly lower than the average analyst price target of $82, indicating a potential upside of approximately 30%. Additionally, the forward P/E ratio of 11.31 suggests the stock is undervalued compared to its earnings potential. The main risk is the RSI of 40.28, indicating the stock is nearing oversold territory, which could lead to further short-term price declines.
6 analysts cover MT: 4 rate it Buy, 1 Hold and 1 Sell. The average price target is 44.67.
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