ArcelorMittal Stock Surges 2.76% to Monthly High on Earnings Outperformance, Morgan Stanley Upgrade

The share price rose to its highest level so far this month today, with an intraday gain of 2.76%.

Recent momentum in ArcelorMittal’s stock was driven by a Morgan Stanley upgrade to “overweight” and stronger-than-expected Q4 2025 earnings. The rating change, which followed mixed analyst sentiment in late 2025, signaled renewed confidence in the company’s ability to outperform the materials sector. Institutional investors also contributed to the rally, with firms such as Geneos Wealth Management and Farther Finance Advisors significantly increasing holdings in Q3–Q1 2026, reflecting optimism about long-term growth potential.

Financial metrics underscore ArcelorMittal’s resilience amid macroeconomic challenges. The company reported Q4 2025 earnings of $0.62 per share, surpassing estimates, and achieved a 3.0% year-over-year revenue increase to $15.66 billion. A P/E ratio of 14.09 and a PEG ratio of 0.18 suggest the stock remains undervalued relative to projected earnings growth. However, analysts caution that global economic uncertainty and steel price volatility could temper near-term gains. As the world’s largest steel producer, ArcelorMittal’s diversified operations across five continents and its push into low-carbon steel position it to benefit from long-term industry trends, though cyclical risks persist.