UBS lifts target for ArcelorMittal stock to EUR 71.00

Published on 10/13/2026 at 13:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due November 5, 2026. ArcelorMittal stock costs EUR 56.74 on October 13, 2026, minus 0.18 percent versus the Xetra close.

UBS raised its ArcelorMittal target from EUR 61.00 to EUR 71.00 and upgraded the rating to Buy on October 9, 2026.
ArcelorMittal is due to report third-quarter results on November 5, 2026.
ArcelorMittal stock costs EUR 56.74 at Lang & Schwarz on October 13, 2026 at 1:38 p.m. CEST, minus 0.18 percent versus the Xetra close of October 12, 2026.
The company had a price-to-earnings ratio of 26.79 and a market capitalization of USD 47.9 billion as of October 12, 2026.

Aquarellmalerei der Luxemburger Altstadt mit Türmen und grünem Tal — ArcelorMittal S.A. (LU1598757687) hat seinen Firmensitz in Luxemburg, hier zart als Aquarell-Stadtansicht dargestellt, Illustration mit AI erstellt.

UBS upgraded ArcelorMittal from Neutral to Buy and raised its price target from EUR 61.00 to EUR 71.00 on October 9, 2026. The new target stands 25.15 percent above the EUR 56.74 price at Lang & Schwarz, using the same euro basis. ArcelorMittal stock was trading at EUR 56.74 at Lang & Schwarz on October 13, 2026 at 1:38 p.m. CEST, minus 0.18 percent versus the Xetra close of EUR 56.84 on October 12, 2026.

Results date brings the next test

ArcelorMittal is due to report its third-quarter results on November 5, 2026, according to Yahoo Finance. UBS forecasts adjusted EBITDA of USD 1.92 billion for the quarter, down 7.00 percent from the prior quarter, as higher European energy and carbon costs offset modest price gains.

Target leaves a wide distance

The UBS target is EUR 14.26 above the Lang & Schwarz price, a difference of 25.15 percent calculated from EUR 56.74. The rating change therefore supplies a much larger comparison than the current intraday move against the Xetra close.

UBS analyst Andrew Jones cited higher European steel prices and tighter supply after import restrictions. Markets Insider reported the move on October 9, 2026, including the increase from EUR 61.00 to EUR 71.00.

Valuation and steel peers

ArcelorMittal had a price-to-earnings ratio of 26.79 and a market capitalization of USD 47.9 billion as of October 12, 2026. The figures provide a valuation reference while the stock remains below the UBS target.

Comparison with peers

ArcelorMittal: minus 0.18 percent, price-to-earnings ratio 26.79, market capitalization USD 47.9 billion

Nucor (USD): plus 0.60 percent, price-to-earnings ratio 20.08, market capitalization USD 57.4 billion

Steel Dynamics (USD): plus 0.32 percent, price-to-earnings ratio 21.68, market capitalization USD 34.3 billion

Trading remains close to the Xetra close

At EUR 56.74, the Lang & Schwarz quote was EUR 0.10 below the Xetra close of October 12, 2026. The bid was EUR 56.72 and the ask was EUR 56.76 at 1:38 p.m. CEST on October 13, 2026. The further course of trading is shown by the continuously updated real-time quote of ArcelorMittal stock.