ArcelorMittal Shares Hit a New Historic High at Midday
On Friday, February 6, 2026, ArcelorMittal SA shares surged by 3.57% to 50.76 euros at midday, reaching a new peak since the July 2011 downturn. This increase follows the publication of solid annual results for 2025 and adjustments in target prices by several investment banks. The stock is now significantly above its reference moving averages.
Updated Recommendations from Financial Institutions
Two major financial institutions updated their recommendations this Friday. Deutsche Bank raised its price target from 47 to 57 euros while maintaining a buy recommendation, offering a potential appreciation of over 12% from the current price. Goldman Sachs, on the other hand, increased its target from 36 to 39 euros with a neutral stance, reflecting a more cautious position despite the recent momentum of the stock. These revisions come after the presentation of the steelmaker's annual accounts, which reported a net profit of 3.2 billion dollars for 2025. The group also posted an EBITDA of 6.5 billion dollars, supported by its strategic investments in renewable energies and iron mines. These results demonstrate the global steel giant's ability to maintain profitability in a complex economic environment.
Breaking the Previous Record
The surpassing of the previous record of 49.36 euros, set just the day before, confirms the bullish momentum that has been driving the stock for several months. The share shows a spectacular increase of 108.4% over one year and 56.23% over three months, reflecting a marked resurgence of investor interest in the steel sector. Technical indicators validate this positive trend. The stock is well above its 50-day (40.77 euros) and 200-day (32.29 euros) moving averages, confirming the strength of the underlying trend. The RSI is at 74, approaching the overbought zone without signaling an imminent reversal. This setup is accompanied by a monthly volatility of 9.86%, indicating significant but controlled market fluctuations.
