ArcelorMittal lifts its upside potential to 20%, the highest in a year and a half

FinanceInternationalTradingViewOct 22, 2026, 12:50 AM40 s readAI summary

ArcelorMittal has fallen 17% on the stock market since early September, from 66 to around 56 euros, punished along with the rest of the steel sector by higher energy costs and the expectation of more expensive raw materials, according to JP Morgan. After the correction, the steelmaker shows its highest upside potential since April 2025: it would need to rise 20% to reach the average analyst fair price of 67 euros. JP Morgan upgraded it to buy with a 70-euro target; UBS also raised it to buy, at 71 euros.

In 40 seconds

ArcelorMittal is down 17% since early September, from 66 to around 56 euros per share
Its upside potential reaches 20%, the highest since April 2025, to reach the 67-euro average fair price
JP Morgan upgraded it to buy with a 70-euro target; UBS also raised it to buy, at 71 euros

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IASummary generated by artificial intelligence from a story by TradingView. It may contain errors: the original source prevails.

ArcelorMittal
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Ibex 35
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ArcelorMittal lifts its upside potential to 20%, the highest in a year and a half

In 40 seconds

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Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

President requests urgent congressional passage of fiscal adjustment bill

Oil edges lower after U.S. bombs Iran ahead of Election Day