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Steel Dynamics (STLD) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

STLD Stock Forecast

Steel Dynamics stock forecast is as follows: an average price target of $145.60 (represents a 24.38% upside from STLD’s last price of $117.06) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.

STLD Price Target

The average price target for Steel Dynamics (STLD) is $145.60 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $160.00 to $130.00. This represents a potential 24.38% upside from STLD's last price of $117.06.

STLD Analyst Ratings

Buy

According to 11 Wall Street analysts, Steel Dynamics's rating consensus is 'Buy'. The analyst rating breakdown for STLD stock is 0 'Strong Buy' (0.00%), 6 'Buy' (54.55%), 5 'Hold' (45.45%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Steel Dynamics Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 17, 2024Alexander HackingCitigroup$160.00$129.8623.21%36.68%
Oct 10, 2024Katja JancicBMO Capital$130.00$130.18-0.14%11.05%
Oct 01, 2024Lawson WinderBank of America Securities$155.00$129.4119.77%32.41%
Sep 17, 2024Katja JancicBMO Capital$127.00$115.1210.32%8.49%
Sep 17, 2024Lawson WinderBank of America Securities$140.00$115.1621.58%19.60%
Sep 03, 2024Andrew JonesUBS$145.00$114.2826.88%23.87%
Aug 15, 2024Carlos De AlbaMorgan Stanley$138.00$115.0519.95%17.89%
Jun 18, 2024Katja JancicBMO Capital$135.00$127.286.07%15.33%
Jun 17, 2024Timna TannersWolfe Research$112.00$126.55-11.50%-4.32%
Jun 17, 2024Christopher LaFeminaJefferies$135.00$121.8110.83%15.33%
May 20, 2024Christopher LaFeminaJefferies$150.00$133.9312.00%28.14%
Mar 18, 2024Katja JancicBMO Capital$120.00$139.97-14.27%2.51%
Apr 22, 2022Goldman Sachs$114.00$94.5320.60%-2.61%
Apr 21, 2022Michael GlickJ.P. Morgan$117.00$91.4927.88%-0.05%

The latest Steel Dynamics stock forecast, released on Oct 17, 2024 by Alexander Hacking from Citigroup, set a price target of $160.00, which represents a 23.21% increase from the stock price at the time of the forecast ($129.86), and a 36.68% increase from STLD last price ($117.06).

Steel Dynamics Price Target by Period

1M3M12M
# Anlaysts-312
Avg Price Target-$148.33$137.25
Last Closing Price$117.06$117.06$117.06
Upside/Downside-100.00%26.71%17.25%

In the current month, the average price target of Steel Dynamics stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Steel Dynamics's last price of $117.06. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Dec 19, 2024CitigroupBuyBuyHold
Oct 18, 2024Seaport GlobalBuyBuyHold
Oct 17, 2024CitigroupBuyBuyHold
Oct 10, 2024BMO CapitalMarket PerformMarket PerformHold
Oct 01, 2024Bank of America SecuritiesNeutralBuyUpgrade
Sep 17, 2024BMO CapitalMarket PerformMarket PerformHold
Sep 17, 2024Bank of America SecuritiesNeutralNeutralHold
Aug 15, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Jun 18, 2024BMO CapitalMarket PerformMarket PerformHold
Jun 17, 2024Wolfe ResearchUnderperformUnderperformHold
Jun 17, 2024JefferiesHoldHoldHold
Jun 17, 2024CitigroupBuyBuyHold
May 20, 2024JefferiesHoldInitialise
May 16, 2024KeyBancSector WeightSector WeightHold
Sep 26, 2023Wells FargoEqual-WeightDowngrade
Sep 26, 2023UBSNeutralBuyUpgrade
Sep 26, 2023Morgan StanleyOverweightUpgrade
Sep 26, 2023BTIGBuyUpgrade
Sep 25, 2023CitigroupBuyUpgrade
Dec 06, 2022UBSNeutralDowngrade
Oct 21, 2022Goldman SachsBuyBuyHold

Steel Dynamics's last stock rating was published by Citigroup on Dec 19, 2024. The company gave STLD a "Buy" rating, the same as its previous rate.

Steel Dynamics Financial Forecast

Steel Dynamics Revenue Forecast

Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
Revenue---------------$4.23B$4.59B$5.08B$4.89B$4.83B$5.65B$6.21B$5.57B$5.31B$5.09B$4.47B$3.54B$2.60B$2.33B$2.09B
Avg Forecast$3.70B$3.76B$3.64B$4.70B$4.81B$4.82B$4.66B$4.52B$4.68B$4.53B$4.27B$4.04B$4.18B$4.43B$4.74B$4.22B$4.49B$5.51B$4.95B$4.73B$5.52B$5.98B$5.40B$5.26B$4.98B$4.19B$3.41B$2.53B$2.21B$2.08B
High Forecast$3.91B$3.98B$3.84B$4.96B$5.08B$5.09B$4.93B$4.77B$4.94B$4.78B$4.44B$4.10B$4.24B$4.43B$4.74B$4.31B$4.74B$5.82B$5.23B$5.00B$5.76B$6.24B$5.63B$5.49B$5.19B$4.37B$3.55B$2.64B$2.31B$2.17B
Low Forecast$3.56B$3.63B$3.50B$4.52B$4.63B$4.64B$4.49B$4.35B$4.51B$4.36B$4.02B$3.97B$4.11B$4.42B$4.74B$4.11B$4.32B$5.31B$4.77B$4.56B$5.27B$5.71B$5.15B$5.02B$4.75B$4.00B$3.25B$2.41B$2.11B$1.98B
# Analysts222222211146344544431112222555
Surprise %---------------1.00%1.02%0.92%0.99%1.02%1.02%1.04%1.03%1.01%1.02%1.07%1.04%1.03%1.05%1.01%

Steel Dynamics's average Quarter revenue forecast for Mar 24 based on 4 analysts is $4.74B, with a low forecast of $4.74B, and a high forecast of $4.74B. STLD's average Quarter revenue forecast represents a 11.88% increase compared to the company's last Quarter revenue of $4.23B (Dec 23).

Steel Dynamics EBITDA Forecast

Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
# Analysts222222211146344544431112222555
EBITDA---------------$630.26M$880.43M$1.21B$977.99M$884.55M$1.33B$1.72B$1.56B$1.50B$1.39B$1.02B$662.80M$316.97M$229.93M$206.20M
Avg Forecast$694.67M$706.99M$683.09M$881.95M$902.59M$904.60M$875.95M$848.54M$878.16M$850.12M$800.99M$758.80M$784.40M$831.52M$1.77B$792.99M$842.46M$1.04B$1.61B$1.64B$1.03B$1.12B$1.46B$982.99M$929.39M$782.60M$596.87M$471.92M$413.00M$388.17M
High Forecast$733.70M$746.72M$721.47M$931.51M$953.30M$955.42M$925.17M$896.21M$927.50M$897.88M$833.26M$770.27M$796.20M$832.12M$2.12B$808.42M$889.79M$1.09B$1.93B$1.96B$1.08B$1.16B$1.75B$1.03B$969.50M$816.37M$716.24M$492.29M$430.83M$404.92M
Low Forecast$669.22M$681.08M$658.06M$849.64M$869.51M$871.45M$843.86M$817.44M$845.98M$818.96M$755.44M$745.42M$772.60M$830.92M$1.41B$771.76M$811.59M$997.15M$1.28B$1.31B$984.47M$1.07B$1.17B$938.16M$887.00M$746.91M$477.49M$450.40M$394.17M$370.47M
Surprise %---------------0.79%1.05%1.17%0.61%0.54%1.29%1.54%1.07%1.53%1.50%1.31%1.11%0.67%0.56%0.53%

4 analysts predict STLD's average Quarter EBITDA for Mar 24 to be $1.77B, with a high of $2.12B and a low of $1.41B. This is 180.18% upper than Steel Dynamics's previous annual EBITDA (Dec 23) of $630.26M.

Steel Dynamics Net Income Forecast

Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
# Analysts222222211146344544431112222555
Net Income---------------$424.27M$577.20M$812.11M$637.31M$634.86M$914.33M$1.21B$1.10B$1.10B$990.76M$702.29M$430.51M$187.84M$100.14M$75.50M
Avg Forecast$338.10M$356.88M$328.71M$508.36M$511.31M$490.57M$470.98M$383.12M$409.41M$383.21M$285.36M$227.10M$310.07M$424.24M$1.25B$411.28M$553.61M$747.64M$1.14B$1.19B$812.94M$1.00B$1.03B$886.10M$751.74M$517.39M$387.68M$118.62M$73.70M$61.96M
High Forecast$362.80M$382.95M$352.72M$545.50M$548.66M$526.40M$505.38M$411.10M$439.32M$411.20M$334.92M$249.65M$332.72M$425.86M$1.50B$412.85M$594.04M$802.25M$1.36B$1.42B$858.55M$1.06B$1.24B$935.81M$793.91M$546.41M$465.22M$125.27M$77.83M$65.44M
Low Forecast$321.99M$339.88M$313.05M$484.15M$486.95M$467.20M$448.54M$364.87M$389.91M$364.96M$237.30M$206.17M$295.30M$422.62M$1.00B$408.16M$527.23M$712.03M$909.67M$949.58M$764.74M$943.02M$826.97M$833.56M$707.17M$486.71M$310.15M$111.58M$69.33M$58.29M
Surprise %---------------1.03%1.04%1.09%0.56%0.53%1.12%1.21%1.07%1.24%1.32%1.36%1.11%1.58%1.36%1.22%

Steel Dynamics's average Quarter net income forecast for Mar 24 is $1.25B, with a range of $1.00B to $1.50B. STLD's average Quarter net income forecast represents a 194.81% increase compared to the company's last Quarter net income of $424.27M (Dec 23).

Steel Dynamics SG&A Forecast

Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
# Analysts222222211146344544431112222555
SG&A---------------$204.26M$210.31M$232.20M$213.88M$221.82M$237.75M$258.12M$280.48M$325.53M$271.41M$236.52M$198.63M$156.42M$130.01M$118.39M
Avg Forecast$175.68M$178.79M$172.75M$223.04M$228.26M$228.77M$221.52M$214.59M$222.08M$214.99M$202.57M$191.90M$198.37M$210.29M$317.80M$200.54M$213.05M$261.77M$288.91M$354.33M$262.31M$283.91M$262.64M$249.97M$236.34M$199.01M$178.87M$120.01M$105.03M$98.71M
High Forecast$185.55M$188.84M$182.46M$235.57M$241.08M$241.62M$233.97M$226.65M$234.56M$227.07M$210.73M$194.80M$201.35M$210.44M$381.36M$204.45M$225.02M$276.47M$346.69M$425.20M$273.63M$296.16M$315.17M$260.76M$246.54M$207.60M$214.64M$125.19M$109.56M$102.97M
Low Forecast$169.24M$172.24M$166.42M$214.87M$219.89M$220.39M$213.41M$206.73M$213.94M$207.11M$191.05M$188.51M$195.39M$210.13M$254.24M$195.18M$205.25M$252.17M$231.13M$283.46M$250.35M$270.96M$210.12M$238.57M$225.56M$189.94M$143.10M$114.54M$100.24M$94.21M
Surprise %---------------1.02%0.99%0.89%0.74%0.63%0.91%0.91%1.07%1.30%1.15%1.19%1.11%1.30%1.24%1.20%

Steel Dynamics's average Quarter SG&A projection for Mar 24 is $317.80M, based on 4 Wall Street analysts, with a range of $254.24M to $381.36M. The forecast indicates a 55.58% rise compared to STLD last annual SG&A of $204.26M (Dec 23).

Steel Dynamics EPS Forecast

Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
# Analysts222222211146344544431112222555
EPS---------------$2.61$3.49$4.83$3.71$3.63$5.07$6.49$5.74$5.55$4.89$3.35$2.04$0.89$0.48$0.36
Avg Forecast$2.16$2.28$2.10$3.25$3.27$3.13$3.01$2.45$2.62$2.45$1.82$1.45$1.98$2.71$3.51$2.63$3.54$4.78$3.62$3.76$5.19$6.40$5.60$5.66$4.80$3.31$1.86$0.76$0.47$0.40
High Forecast$2.32$2.45$2.25$3.48$3.51$3.36$3.23$2.63$2.81$2.63$2.14$1.59$2.13$2.72$3.51$2.64$3.80$5.13$3.89$4.04$5.48$6.76$5.92$5.98$5.07$3.49$1.96$0.80$0.50$0.42
Low Forecast$2.06$2.17$2.00$3.09$3.11$2.98$2.87$2.33$2.49$2.33$1.52$1.32$1.89$2.70$3.51$2.61$3.37$4.55$3.45$3.59$4.89$6.02$5.27$5.33$4.52$3.11$1.75$0.71$0.44$0.37
Surprise %---------------0.99%0.99%1.01%1.02%0.96%0.98%1.01%1.02%0.98%1.02%1.01%1.10%1.17%1.02%0.91%

According to 4 Wall Street analysts, Steel Dynamics's projected average Quarter EPS for Mar 24 is $3.51, with a low estimate of $3.51 and a high estimate of $3.51. This represents a 34.39% increase compared to STLD previous annual EPS of $2.61 (Dec 23).

Steel Dynamics Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
CLFCleveland-Cliffs$9.46$16.5074.42%Buy
TXTernium$28.88$50.0073.13%Buy
PKXPOSCO$45.47$77.0069.34%Hold
GGBGerdau$3.00$5.0066.67%Buy
XUnited States Steel$31.92$42.8634.27%Buy
MTArcelorMittal$23.25$31.0033.33%Buy
NUENucor$117.43$154.7531.78%Hold
STLDSteel Dynamics$117.06$145.6024.38%Buy
CMCCommercial Metals$50.50$62.0022.77%Buy
RSReliance Steel & Aluminum$270.91$325.0019.97%Buy

STLD Forecast FAQ

Is Steel Dynamics a good buy?

Yes, according to 11 Wall Street analysts, Steel Dynamics (STLD) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 54.55% of STLD's total ratings.

What is STLD's price target?

Steel Dynamics (STLD) average price target is $145.6 with a range of $130 to $160, implying a 24.38% from its last price of $117.06. The data is based on 11 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Steel Dynamics stock go up soon?

According to Wall Street analysts' prediction for STLD stock, the company can go up by 24.38% (from the last price of $117.06 to the average price target of $145.6), up by 36.68% based on the highest stock price target, and up by 11.05% based on the lowest stock price target.

Can Steel Dynamics stock reach $200?

STLD's average twelve months analyst stock price target of $145.6 does not support the claim that Steel Dynamics can reach $200 in the near future.

What are Steel Dynamics's analysts' financial forecasts?

Steel Dynamics's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $17.99B (high $18.93B, low $17.24B), average EBITDA is $3.38B (high $3.55B, low $3.24B), average net income is $1.46B (high $1.6B, low $1.36B), average SG&A $854.23M (high $899M, low $818.83M), and average EPS is $9.33 (high $10.2, low $8.67). STLD's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $18.98B (high $20.05B, low $18.29B), average EBITDA is $3.57B (high $3.77B, low $3.43B), average net income is $1.98B (high $2.13B, low $1.89B), average SG&A $901.59M (high $952.25M, low $868.55M), and average EPS is $12.66 (high $13.58, low $12.05).

Did the STLD's actual financial results beat the analysts' financial forecasts?

Based on Steel Dynamics's last annual report (Dec 2023), the company's revenue was $18.8B, which missed the average analysts forecast of $19.17B by -1.97%. Apple's EBITDA was $3.59B, missing the average prediction of $4.28B by -16.06%. The company's net income was $2.45B, missing the average estimation of $2.85B by -13.99%. Apple's SG&A was $860.65M, missing the average forecast of $964.27M by -10.75%. Lastly, the company's EPS was $14.64, beating the average prediction of $14.56 by 0.54%. In terms of the last quarterly report (Dec 2023), Steel Dynamics's revenue was $4.23B, beating the average analysts' forecast of $4.22B by 0.25%. The company's EBITDA was $630.26M, missing the average prediction of $792.99M by -20.52%. Steel Dynamics's net income was $424.27M, beating the average estimation of $411.28M by 3.16%. The company's SG&A was $204.26M, beating the average forecast of $200.54M by 1.85%. Lastly, the company's EPS was $2.61, missing the average prediction of $2.63 by -0.67%