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


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STLD Stock Forecast


Steel Dynamics stock forecast is as follows: an average price target of $128.00 (represents a 13.43% upside from STLD’s last price of $112.84) and a rating consensus of 'Hold', based on 9 wall street analysts offering a 1-year stock forecast.

STLD Price Target


The average price target for Steel Dynamics (STLD) is $128.00 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $145.00 to $112.00. This represents a potential 13.43% upside from STLD's last price of $112.84.

STLD Analyst Ratings


Hold

According to 9 Wall Street analysts, Steel Dynamics's rating consensus is 'Hold'. The analyst rating breakdown for STLD stock is 0 'Strong Buy' (0.00%), 4 'Buy' (44.44%), 5 'Hold' (55.56%), 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
Sep 03, 2024Andrew JonesUBS$145.00$114.2826.88%28.50%
Aug 15, 2024Carlos De AlbaMorgan Stanley$138.00$115.0519.95%22.30%
Jun 18, 2024Katja JancicBMO Capital$135.00$127.286.07%19.64%
Jun 17, 2024Timna TannersWolfe Research$112.00$126.55-11.50%-0.74%
Jun 17, 2024Christopher LaFeminaJefferies$135.00$121.8110.83%19.64%
May 20, 2024Christopher LaFeminaJefferies$150.00$133.9312.00%32.93%
Mar 18, 2024Katja JancicBMO Capital$120.00$139.97-14.27%6.35%
Apr 22, 2022-Goldman Sachs$114.00$94.5320.60%1.03%
Apr 21, 2022Michael GlickJ.P. Morgan$117.00$91.4927.88%3.69%
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The latest Steel Dynamics stock forecast, released on Sep 03, 2024 by Andrew Jones from UBS, set a price target of $145.00, which represents a 26.88% increase from the stock price at the time of the forecast ($114.28), and a 28.50% increase from STLD last price ($112.84).

Steel Dynamics Price Target by Period


1M3M12M
# Anlaysts157
Avg Price Target$145.00$133.00$133.57
Last Closing Price$112.84$112.84$112.84
Upside/Downside28.50%17.87%18.37%

In the current month, the average price target of Steel Dynamics stock is $145.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 28.50% increase as opposed to Steel Dynamics's last price of $112.84. This month's average price target is up 9.02% compared to last quarter, and up 8.56% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Aug 15, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Jun 18, 2024BMO CapitalMarket PerformMarket PerformHold
Jun 17, 2024Wolfe ResearchUnderperformUnderperformHold
Jun 17, 2024JefferiesHoldHoldHold
Jun 17, 2024CitigroupBuyBuyHold
May 20, 2024Jefferies-HoldInitialise
May 16, 2024KeyBancSector WeightSector WeightHold
Sep 26, 2023UBSNeutralBuyUpgrade
Sep 26, 2023Wells Fargo-Equal-WeightDowngrade
Sep 26, 2023Morgan Stanley-OverweightUpgrade
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Steel Dynamics's last stock rating was published by Morgan Stanley on Aug 15, 2024. The company gave STLD a "Equal-Weight" 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 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
Revenue---------------$4.23B$4.59B$5.08B$4.89B$4.83B$5.65B-$5.57B$5.31B$5.09B$4.47B$3.54B$2.60B$2.33B$2.09B
Avg Forecast$3.70B$3.76B$3.64B$4.57B$4.71B$4.86B$4.81B$4.52B$4.51B$4.44B$4.36B$4.15B$4.21B$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$3.88B$3.95B$3.81B$4.79B$4.93B$5.09B$5.05B$4.74B$4.73B$4.66B$4.57B$4.35B$4.36B$4.64B$4.97B$4.31B$4.70B$5.78B$5.19B$4.96B$5.79B$5.98B$5.79B$5.65B$5.34B$4.50B$3.66B$2.71B$2.37B$2.23B
Low Forecast$3.58B$3.64B$3.52B$4.43B$4.56B$4.70B$4.66B$4.38B$4.37B$4.30B$4.22B$4.02B$4.04B$4.29B$4.59B$4.11B$4.34B$5.34B$4.79B$4.58B$5.35B$5.98B$5.07B$4.94B$4.67B$3.93B$3.20B$2.37B$2.08B$1.95B
# Analysts333333344443634544433112277787
Surprise %---------------1.00%1.02%0.92%0.99%1.02%1.02%-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 $4.59B, and a high forecast of $4.97B. 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 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
# Analysts333333344443634544433112277787
EBITDA---------------$630.26M$880.43M$1.21B$977.99M$884.55M$1.33B-$1.56B$1.50B$1.39B$1.02B$662.80M$316.97M$229.93M$206.20M
Avg Forecast$690.84M$703.09M$679.31M$853.90M$879.09M$906.87M$899.15M$844.74M$842.19M$829.36M$814.81M$775.43M$786.61M$826.92M$1.77B$788.61M$837.80M$1.03B$1.61B$883.32M$1.47B$1.12B$1.46B$1.49B$1.34B$1.01B$596.87M$258.99M$210.36M$135.50M
High Forecast$724.18M$737.02M$712.10M$895.12M$921.51M$950.64M$942.54M$885.51M$882.84M$869.38M$854.13M$812.86M$813.92M$866.83M$2.12B$803.96M$878.24M$1.08B$1.93B$925.95M$1.77B$1.12B$1.75B$1.78B$1.61B$1.21B$716.24M$310.79M$252.43M$162.60M
Low Forecast$668.78M$680.64M$657.62M$826.64M$851.02M$877.92M$870.44M$817.77M$815.30M$802.88M$788.79M$750.68M$753.83M$800.52M$1.41B$767.50M$811.05M$996.49M$1.28B$855.12M$1.18B$1.12B$1.17B$1.19B$1.07B$808.52M$477.49M$207.19M$168.29M$108.40M
Surprise %---------------0.80%1.05%1.17%0.61%1.00%0.91%-1.07%1.01%1.04%1.01%1.11%1.22%1.09%1.52%

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 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
# Analysts333333344443634544433112277787
Net Income---------------$424.27M$577.20M$812.11M$637.31M$634.86M$914.33M-$1.10B$1.10B$990.76M$702.29M$430.51M$187.84M$100.14M$75.50M
Avg Forecast$340.37M$359.28M$330.92M$577.42M$575.26M$565.18M$498.68M$388.36M$389.54M$392.06M$376.95M$330.11M$328.71M$427.09M$1.25B$414.05M$557.32M$752.66M$1.14B$593.21M$1.05B$1.02B$1.03B$1.08B$951.30M$693.93M$387.68M$153.48M$91.62M$49.61M
High Forecast$361.73M$381.82M$351.68M$613.64M$611.35M$600.63M$529.96M$412.73M$413.98M$416.66M$400.60M$350.82M$354.78M$453.88M$1.50B$415.62M$592.29M$799.88M$1.36B$630.42M$1.26B$1.02B$1.24B$1.29B$1.14B$832.72M$465.22M$184.18M$109.94M$59.53M
Low Forecast$326.24M$344.37M$317.18M$553.45M$551.39M$541.72M$477.98M$372.24M$373.37M$375.79M$361.31M$316.40M$288.17M$409.36M$1.00B$410.90M$534.19M$721.42M$909.67M$568.58M$837.14M$1.02B$826.97M$863.25M$761.04M$555.14M$310.15M$122.79M$73.30M$39.69M
Surprise %---------------1.02%1.04%1.08%0.56%1.07%0.87%-1.07%1.02%1.04%1.01%1.11%1.22%1.09%1.52%

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 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
# Analysts333333344443634544433112277787
SG&A---------------$204.26M$210.31M$232.20M$213.88M$221.82M$237.75M-$280.48M$325.53M$271.41M$236.52M$198.63M$156.42M$130.01M$118.39M
Avg Forecast$175.68M$178.79M$172.75M$217.15M$223.55M$230.62M$228.65M$214.82M$214.17M$210.91M$207.20M$197.19M$200.03M$210.29M$317.80M$200.54M$213.05M$261.77M$288.91M$224.63M$286.65M$283.91M$262.64M$322.12M$260.60M$233.70M$178.87M$127.81M$118.95M$77.80M
High Forecast$184.16M$187.42M$181.09M$227.63M$234.34M$241.75M$239.69M$225.18M$224.50M$221.08M$217.20M$206.71M$206.98M$220.44M$381.36M$204.45M$223.33M$274.40M$346.69M$235.47M$343.99M$283.91M$315.17M$386.54M$312.71M$280.44M$214.64M$153.37M$142.74M$93.36M
Low Forecast$170.07M$173.09M$167.23M$210.21M$216.41M$223.25M$221.35M$207.96M$207.33M$204.17M$200.59M$190.90M$191.70M$203.57M$254.24M$195.18M$206.25M$253.41M$231.13M$217.46M$229.32M$283.91M$210.12M$257.69M$208.48M$186.96M$143.10M$102.25M$95.16M$62.24M
Surprise %---------------1.02%0.99%0.89%0.74%0.99%0.83%-1.07%1.01%1.04%1.01%1.11%1.22%1.09%1.52%

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 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
# Analysts333333344443634544433112277787
EPS---------------$2.61$3.49$4.83$3.71$3.63$5.07-$5.74$5.55$4.89$3.35$2.04$0.89$0.48$0.36
Avg Forecast$2.16$2.28$2.10$3.66$3.65$3.59$3.16$2.46$2.47$2.49$2.39$2.09$2.09$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$2.30$2.42$2.23$3.89$3.88$3.81$3.36$2.62$2.63$2.64$2.54$2.23$2.25$2.88$3.73$2.64$3.76$5.08$3.85$4.00$5.52$6.40$6.14$6.20$5.26$3.62$2.03$0.83$0.52$0.43
Low Forecast$2.07$2.19$2.01$3.51$3.50$3.44$3.03$2.36$2.37$2.38$2.29$2.01$1.83$2.60$3.36$2.61$3.39$4.58$3.47$3.61$4.98$6.40$5.16$5.21$4.42$3.04$1.71$0.70$0.43$0.36
Surprise %---------------0.99%0.99%1.01%1.02%0.96%0.98%-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 $3.36 and a high estimate of $3.73. 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
SCHNSchnitzer Steel Industries$33.20$215.00547.59%-
CLFCleveland-Cliffs$11.91$19.8566.67%Buy
MTArcelorMittal$22.73$36.8762.21%Buy
TXTernium$33.35$50.0049.93%Buy
GGBGerdau$3.37$5.0048.37%Buy
CMCCommercial Metals Company$51.19$58.3313.95%Buy
STLDSteel Dynamics$112.84$128.0013.43%Hold
PKXPOSCO$69.00$77.0011.59%Hold
NUENucor$143.59$159.1310.82%Hold
XUnited States Steel$36.07$36.451.05%Buy
RSReliance Steel & Aluminum$277.90$230.00-17.24%Buy

STLD Forecast FAQ


No, according to 9 Wall Street analysts, Steel Dynamics (STLD) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 44.44% of STLD's total ratings.

Steel Dynamics (STLD) average price target is $128 with a range of $112 to $145, implying a 13.43% from its last price of $112.84. The data is based on 9 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for STLD stock, the company can go up by 13.43% (from the last price of $112.84 to the average price target of $128), up by 28.50% based on the highest stock price target, and down by -0.74% based on the lowest stock price target.

STLD's average twelve months analyst stock price target of $128 does not support the claim that Steel Dynamics can reach $200 in the near future.

1 Wall Street analyst forecast a $145 price target for Steel Dynamics (STLD) this month, up 28.50% from its last price of $112.84. Compared to the last 3 and 12 months, the average price target increased by 17.87% and increased by 18.37%, respectively.

Steel Dynamics's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $17.84B (high $18.7B, low $17.27B), average EBITDA is $3.33B (high $3.49B, low $3.22B), average net income is $1.55B (high $1.64B, low $1.48B), average SG&A $847.1M (high $887.98M, low $820.05M), and average EPS is $9.82 (high $10.43, low $9.41). STLD's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $18.95B (high $19.87B, low $18.35B), average EBITDA is $3.54B (high $3.71B, low $3.43B), average net income is $2.22B (high $2.36B, low $2.12B), average SG&A $899.97M (high $943.4M, low $871.23M), and average EPS is $14.07 (high $14.95, low $13.48).

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 $4.26B by -15.77%. The company's net income was $2.45B, missing the average estimation of $2.86B by -14.34%. 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 $788.61M by -20.08%. Steel Dynamics's net income was $424.27M, beating the average estimation of $414.05M by 2.47%. 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%