ArcelorMittal stock: Barclays raises target for ArcelorMittal stock to EUR 60.00

Published on 10/20/2026 at 15:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 8.40 percent. ArcelorMittal stock costs EUR 55.17 on October 20, 2026, down 2.35 percent versus Xetra close.

Analyst target and quarterly results

Barclays lifted its ArcelorMittal target from EUR 55.00 to EUR 60.00 on October 15, 2026.
Second-quarter revenue rose 8.40 percent to USD 16.80 billion, while EBITDA reached USD 2.06 billion.
ArcelorMittal stock costs EUR 55.17 at Lang & Schwarz on October 20, 2026 at 3:32 p.m. CEST, 2.35 percent below the Xetra close of October 19, 2026.
The next earnings release is scheduled for November 4, 2026.

Schwarzweiß-Reportagefoto von Stahlarbeitern an Walzwerk-Maschinen — ArcelorMittal S.A. (LU1598757687) produziert Stahlbleche, diese dokumentarische Schwarzweißaufnahme zeigt Arbeiter an Walzanlagen, Illustration mit AI erstellt.

ArcelorMittal (ISIN LU1598757687) saw Barclays lift its target from EUR 55.00 to EUR 60.00 on October 15, 2026, according to Ideal Investisseur. The target stands 8.75 percent above the Lang & Schwarz price of EUR 55.17. ArcelorMittal stock was trading at EUR 55.17 at Lang & Schwarz on October 20, 2026 at 3:32 p.m. CEST, down 2.35 percent versus the Xetra close of October 19, 2026 at EUR 56.50.

What does EUR 60.00 imply?

Barclays moved its target from EUR 55.00 to EUR 60.00, a 9.09 percent increase, while the stock remained below the new valuation mark on October 20, 2026. The analyst update followed a period of weaker trading for the steelmaker, but the source does not establish a direct link between the target change and the intraday move.

Second-quarter figures set the floor

MarketScreener reported that second-quarter 2026 revenue rose 8.40 percent year over year to USD 16.80 billion. EBITDA increased 11.00 percent year over year to USD 2.06 billion, while underlying free cash flow reached USD 500.00 million in the first half of 2026.

The figures give the target revision an operating backdrop, but they also show why the next report matters. Revenue growth was accompanied by a lower second-quarter earnings per share result of USD 0.90, compared with USD 2.35 in the second quarter of 2025, according to the same report.

Price position and valuation

The 52-week range for the Euronext Amsterdam listing is EUR 31.87 to EUR 68.48 as of October 20, 2026. At EUR 55.17, the stock stood 19.44 percent below its 52-week high and 73.10 percent above its 52-week low. The price-to-earnings ratio was 26.24, while market capitalization was EUR 41.8 billion.

Next date for investors

MarketScreener lists November 4, 2026 as the next earnings release date. That report will give investors a fresh comparison with the USD 2.06 billion second-quarter EBITDA result and the USD 16.80 billion revenue base.

ArcelorMittal stock stays below target

The market value remains below Barclays' EUR 60.00 target, while the latest reported operating figures provide the main benchmark for the next update. ArcelorMittal was trading at EUR 55.17 at Lang & Schwarz on October 20, 2026 at 3:32 p.m. CEST, 2.35 percent below the Xetra close of October 19, 2026 at EUR 56.50. The further course of trading is shown by the continuously updated real-time quote of ArcelorMittal stock.