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Cleveland-Cliffs (CLF) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

CLF Stock Forecast

Cleveland-Cliffs (CLF) stock forecast, based on 35 Wall Street analysts, predicts a 12-month average price target of $11.00, with a high of $11.00 and a low of $11.00. This represents a 50.68% increase from the last price of $7.30.

$5 $9 $13 $17 $21 $25 High: $11 Avg: $11 Low: $11 Last Closed Price: $7.3

CLF Stock Rating

Cleveland-Cliffs stock's rating consensus is Hold, based on 35 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 12 Buy (34.29%), 17 Hold (48.57%), 6 Sell (17.14%), and 0 Strong Sell (0.00%).

Hold
Total 35 0 6 17 12 Strong Sell Sell Hold Buy Strong Buy

CLF Price Target Upside V Benchmarks

TypeNameUpside
StockCleveland-Cliffs50.68%
SectorBasic Materials Stocks 21.09%
IndustrySteel Stocks List32.57%

Price Target Trends

1M3M12M
# Anlaysts-15
Avg Price Target-$11.00$16.53
Last Closing Price$7.30$7.30$7.30
Upside/Downside-50.68%126.44%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Apr, 251351111
Mar, 251351111
Feb, 251351111
Jan, 251361112
Dec, 241361112
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Feb 03, 2025Carlos De AlbaMorgan Stanley$11.00$9.7412.94%50.68%
Aug 27, 2024Martin EnglertSeaport Global$16.50$13.8519.13%126.03%
Jun 11, 2024Matthew KeyB.Riley Financial$23.00$14.8355.09%215.07%
Jun 06, 2024Gordon JohnsonGLJ Research$10.13$16.09-37.04%38.77%
May 20, 2024Christopher LaFeminaJefferies$22.00$17.5125.64%201.37%
Mar 28, 2024Gordon JohnsonGLJ Research$27.20$22.6420.14%272.60%
Sep 15, 2023Curt WoodworthCredit Suisse$25.00$14.6271.00%242.47%
Sep 15, 2023Carlos De AlbaMorgan Stanley$19.00$14.6229.96%160.27%
Jan 12, 2023Morgan Stanley$26.00$19.2335.21%256.16%
Jul 27, 2022Gordon JohnsonGLJ Research$13.44$16.34-17.75%84.11%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Feb 04, 2025B. RileyBuyBuyhold
Jan 07, 2025GLJ ResearchSellBuyupgrade
Sep 10, 2024Seaport GlobalBuyBuyhold
Aug 27, 2024Seaport GlobalNeutralBuyupgrade
Aug 15, 2024Johnson RiceBuyBuyhold
Jun 11, 2024Raymond JamesStrong BuyMarket Performdowngrade
Jun 11, 2024Seaport GlobalNeutralinitialise
Jun 06, 2024Johnson RiceBuyBuyhold
Jun 06, 2024GLJ ResearchBuySelldowngrade
May 20, 2024JefferiesBuyBuyhold

Financial Forecast

EPS Forecast

$-2 $-1 $0 $1 $2 $3 $4 $5 $6 $7 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-0.22$6.00$2.57$0.78$-1.61----
Avg Forecast$-0.13$5.94$2.82$1.10$-0.51$-0.28$0.90$1.48$1.96
High Forecast$-0.12$6.29$2.94$1.17$-0.22$0.28$1.06$1.57$2.08
Low Forecast$-0.13$5.69$2.65$1.02$-1.07$-1.05$0.75$1.39$1.84
Surprise %69.23%1.01%-8.87%-29.09%215.69%----

Revenue Forecast

$5B $9B $13B $17B $21B $25B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$5.35B$20.44B$22.99B$22.00B$19.18B----
Avg Forecast$5.42B$20.79B$23.07B$22.04B$19.31B$20.60B$21.95B$22.62B$22.98B
High Forecast$5.66B$21.73B$23.84B$22.10B$19.36B$21.58B$22.17B$23.70B$24.07B
Low Forecast$5.24B$20.11B$21.96B$21.99B$19.24B$19.75B$21.73B$21.52B$21.86B
Surprise %-1.18%-1.68%-0.36%-0.21%-0.62%----

Net Income Forecast

$-1B $200M $1B $3B $4B $5B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-82.00M$2.99B$1.33B$399.00M$-754.00M----
Avg Forecast$-113.18M$3.11B$3.93B$398.00M$-461.00M$38.76M$461.43M$757.40M$1.00B
High Forecast$-48.65M$3.74B$4.71B$477.60M$-110.47M$145.19M$540.34M$804.11M$1.06B
Low Forecast$-177.70M$2.49B$3.14B$318.40M$-544.75M$-536.74M$382.52M$709.44M$938.57M
Surprise %-27.55%-4.03%-66.02%0.25%63.56%----

CLF Forecast FAQ

Is Cleveland-Cliffs stock a buy?

Cleveland-Cliffs stock has a consensus rating of Hold, based on 35 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 12 Buy, 17 Hold, 6 Sell, and 0 Strong Sell, reflecting a consensus that Cleveland-Cliffs is a neutral investment for most analysts.

What is Cleveland-Cliffs's price target?

Cleveland-Cliffs's price target, set by 35 Wall Street analysts, averages $11 over the next 12 months. The price target range spans from $11 at the low end to $11 at the high end, suggesting a potential 50.68% change from the previous closing price of $7.3.

How does Cleveland-Cliffs stock forecast compare to its benchmarks?

Cleveland-Cliffs's stock forecast shows a 50.68% upside, outperforming the average forecast for the basic materials stocks sector (21.09%) and outperforming the steel stocks list industry (32.57%).

What is the breakdown of analyst ratings for Cleveland-Cliffs over the past three months?

  • April 2025: 9.09% Strong Buy, 27.27% Buy, 45.45% Hold, 9.09% Sell, 9.09% Strong Sell.
  • March 2025: 9.09% Strong Buy, 27.27% Buy, 45.45% Hold, 9.09% Sell, 9.09% Strong Sell.
  • February 2025: 9.09% Strong Buy, 27.27% Buy, 45.45% Hold, 9.09% Sell, 9.09% Strong Sell.

What is Cleveland-Cliffs’s EPS forecast?

Cleveland-Cliffs's average annual EPS forecast for its fiscal year ending in December 2025 is $-0.28, marking a -82.61% decrease from the reported $-1.61 in 2024. Estimates for the following years are $0.9 in 2026, $1.48 in 2027, and $1.96 in 2028.

What is Cleveland-Cliffs’s revenue forecast?

Cleveland-Cliffs's average annual revenue forecast for its fiscal year ending in December 2025 is $20.6B, reflecting a 7.39% increase from the reported $19.18B in 2024. The forecast for 2026 is $21.95B, followed by $22.62B for 2027, and $22.98B for 2028.

What is Cleveland-Cliffs’s net income forecast?

Cleveland-Cliffs's net income forecast for the fiscal year ending in December 2025 stands at $38.76M, representing a -105.14% decrease from the reported $-754M in 2024. Projections indicate $461.43M in 2026, $757.4M in 2027, and $1B in 2028.