JPMorgan lifts ArcelorMittal stock target to EUR 70.00

Published on 10/16/2026 at 15:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UBS set EUR 71.00 on October 9, 2026. ArcelorMittal stock costs EUR 57.00 on October 16, 2026, up 0.67 percent versus the Xetra close.

Analyst views and market position

JPMorgan moved its ArcelorMittal target to EUR 70.00 on October 15, 2026.
UBS lifted its target to EUR 71.00 on October 9, 2026.
ArcelorMittal stock costs EUR 57.00 at Lang & Schwarz on October 16, 2026 at 3:01 p.m. CEST, plus 0.67 percent versus the Xetra close of October 15, 2026.
ArcelorMittal had a USD 48.0 billion market capitalization as of October 15, 2026.

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JPMorgan upgraded ArcelorMittal from Neutral to Overweight and lifted its target from EUR 57.00 to EUR 70.00 on October 15, 2026, according to Markets Insider. The new target stands 22.81 percent above the Lang & Schwarz price. ArcelorMittal stock was trading at EUR 57.00 at Lang & Schwarz on October 16, 2026 at 3:01 p.m. CEST, plus 0.67 percent versus the Xetra close of October 15, 2026 at EUR 56.62.

UBS target reaches EUR 71.00

UBS had already raised its ArcelorMittal target from EUR 61.00 to EUR 71.00 and upgraded the rating from Neutral to Buy on October 9, 2026. The move was reported by FinanzNachrichten. The UBS target is 24.56 percent above the Lang & Schwarz price, using the same euro basis.

Stock position on October 16

The latest euro quote sits 0.67 percent above the Xetra close. The intraday quote also came with a EUR 56.98 bid and a EUR 57.02 ask at Lang & Schwarz on October 16, 2026. Those levels frame a narrow 0.07 percent spread around the quoted price.

Valuation and market scale

ArcelorMittal had a market capitalization of USD 48.0 billion as of October 15, 2026. The same dated market figures put its price-to-earnings ratio at 27.09. For investors, the key contrast is between the current euro quote and targets of EUR 70.00 and EUR 71.00, while the two firms reached their conclusions on different dates.

Comparison with peers

ArcelorMittal (Xetra, EUR): plus 0.67 percent, P/E 27.09, market capitalization USD 48.0 billion.

Nucor (NYSE, USD): minus 0.94 percent, P/E 20.31, market capitalization USD 57.8 billion.

Cleveland-Cliffs (NYSE, USD): minus 3.42 percent, P/E minus 7.28, market capitalization USD 6.9 billion.

What comes next for the stock

The analyst targets provide the clearest near-term market frame, but they are assessments rather than company guidance. JPMorgan cited valuation and the stock's recent underperformance, while UBS pointed to a tighter European steel supply outlook. The two views therefore support a higher target through different arguments.

The further course of trading is shown by the continuously updated real-time quote of ArcelorMittal stock.