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

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STLD Stock Forecast

Steel Dynamics (STLD) stock forecast, based on 12 Wall Street analysts, predicts a 12-month average price target of $145.60, with a high of $160.00 and a low of $130.00. This represents a 12.72% increase from the last price of $129.17.

$110 $120 $130 $140 $150 $160 High: $160 Avg: $145.6 Low: $130 Last Closed Price: $129.17

STLD Stock Rating

Steel Dynamics stock's rating consensus is Buy, based on 12 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 7 Buy (58.33%), 5 Hold (41.67%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 12 0 5 7 Strong Sell Sell Hold Buy Strong Buy

STLD Forecast vs Benchmarks

TypeNameUpside
StockSteel Dynamics12.72%
SectorBasic Materials Stocks 18.06%
IndustrySteel Stocks List29.15%

Price Target Trends

1M3M12M
# Anlaysts--12
Avg Price Target--$137.25
Last Closing Price$129.17$129.17$129.17
Upside/Downside--6.26%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 2515101-17
Dec, 24-4101-15
Nov, 243681-18
Oct, 243691120
Sep, 243692121
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 17, 2024Alexander HackingCitigroup$160.00$129.8623.21%23.87%
Oct 10, 2024Katja JancicBMO Capital$130.00$130.18-0.14%0.64%
Oct 01, 2024Lawson WinderBank of America Securities$155.00$129.4119.77%20.00%
Sep 17, 2024Katja JancicBMO Capital$127.00$115.1210.32%-1.68%
Sep 17, 2024Lawson WinderBank of America Securities$140.00$115.1621.57%8.38%
Sep 03, 2024Andrew JonesUBS$145.00$114.2826.88%12.26%
Aug 15, 2024Carlos De AlbaMorgan Stanley$138.00$115.0519.95%6.84%
Jun 18, 2024Katja JancicBMO Capital$135.00$127.286.07%4.51%
Jun 17, 2024Timna TannersWolfe Research$112.00$126.55-11.50%-13.29%
Jun 17, 2024Christopher LaFeminaJefferies$135.00$121.8110.83%4.51%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Jan 03, 2025Exane BNP ParibasOutperformupgrade
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

Financial Forecast

EPS Forecast

$0 $5 $10 $15 $20 $25 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28 Dec 29
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28Dec 29
Reported$2.61$15.67$21.06$14.64------
Avg Forecast$2.58$16.03$21.43$14.79$9.76$8.70$11.93$14.92$17.38$17.75
High Forecast$2.40$14.93$19.71$13.36$9.60$5.97$10.44$13.18$15.69$16.02
Low Forecast$2.76$17.19$23.05$16.24$9.99$11.40$13.28$16.93$19.07$19.48
Surprise %1.16%-2.25%-1.73%-1.01%------

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 29
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28Dec 29
Reported$9.60B$18.41B$22.26B$18.80B------
Avg Forecast$9.56B$18.31B$22.12B$18.78B$17.62B$17.77B$19.39B$21.56B$22.70B$22.87B
High Forecast$9.05B$17.34B$20.75B$18.67B$17.51B$16.82B$18.30B$21.00B$21.00B$21.16B
Low Forecast$10.09B$19.33B$23.40B$18.87B$17.83B$18.87B$21.19B$22.12B$24.40B$24.58B
Surprise %0.48%0.52%0.64%0.07%------

Net Income Forecast

$0 $1B $2B $3B $4B $5B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28 Dec 29
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28Dec 29
Reported$550.82M$3.21B$3.86B$2.45B------
Avg Forecast$460.71M$3.11B$4.03B$2.45B$1.54B$1.41B$1.90B$2.36B$2.70B$2.76B
High Forecast$368.57M$2.49B$3.22B$1.96B$1.49B$928.26M$1.62B$2.05B$2.44B$2.49B
Low Forecast$552.85M$3.73B$4.84B$2.94B$1.55B$1.77B$2.06B$2.63B$2.96B$3.03B
Surprise %19.56%3.28%-4.16%-------

STLD Forecast FAQ

Is Steel Dynamics stock a buy?

Steel Dynamics stock has a consensus rating of Buy, based on 12 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 7 Buy, 5 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Steel Dynamics is a favorable investment for most analysts.

What is Steel Dynamics's price target?

Steel Dynamics's price target, set by 12 Wall Street analysts, averages $145.6 over the next 12 months. The price target range spans from $130 at the low end to $160 at the high end, suggesting a potential 12.72% change from the previous close price of $129.17.

How does Steel Dynamics stock forecast compare to the average forecast of its sector, industry, and investment themes?

Steel Dynamics stock forecast shows a 12.72% upside, underperforming the average forecast for the basic materials stocks sector (18.06%) and underperforming the steel stocks list industry (29.15%).

What is the breakdown of analyst ratings for Steel Dynamics over the past three months?

  • January 2025: 5.88% Strong Buy, 29.41% Buy, 58.82% Hold, 5.88% Sell, 0% Strong Sell.
  • December 2024: 0% Strong Buy, 26.67% Buy, 66.67% Hold, 6.67% Sell, 0% Strong Sell.
  • November 2024: 16.67% Strong Buy, 33.33% Buy, 44.44% Hold, 5.56% Sell, 0% Strong Sell.

What is Steel Dynamics’s EPS forecast?

Steel Dynamics's average annual EPS forecast for its fiscal year ending in December is 9.76 for 2024, a -33.33% decrease from the reported $14.64 in 2023. The prediction for 2025 is $8.7, $11.93 for 2026, $14.92 for 2027, $17.38 for 2028, and $17.75 for 2029.

What is Steel Dynamics’s revenue forecast?

Steel Dynamics's average annual revenue forecast for its fiscal year ending in December is $17.62B for 2024, a -6.23% decrease from the reported $18.8B in 2023. The forecast for 2025 is $17.77B, $19.39B for 2026, $21.56B for 2027, $22.7B for 2028, and $22.87B for 2029.

What is Steel Dynamics’s net income forecast?

For its fiscal year ending in December, Steel Dynamics's average annual net income forecast is $1.54B for 2024, reflecting a -37.28% decrease from the reported $2.45B in 2023. The projection for 2025 is $1.41B, $1.9B for 2026, $2.36B for 2027, $2.7B for 2028, and $2.76B for 2029.