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

OverviewRevenueOwnershipFinancialsChartTranscripts

CLF Stock Forecast

Cleveland-Cliffs (CLF) stock forecast, based on 43 Wall Street analysts, predicts a 12-month average price target of $12.17, with a high of $15.01 and a low of $9.00. This represents a -11.23% decline from the last price of $13.71.

$5 $9 $13 $17 $21 $25 High: $15.01 Avg: $12.17 Low: $9 Last Closed Price: $13.71

CLF Stock Rating

Cleveland-Cliffs stock's rating consensus is Hold, based on 43 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 10 Buy (23.26%), 23 Hold (53.49%), 10 Sell (23.26%), and 0 Strong Sell (0.00%).

Hold
Total 43 0 10 23 10 Strong Sell Sell Hold Buy Strong Buy

CLF Price Target Upside V Benchmarks

TypeNameUpside
StockCleveland-Cliffs-11.23%
SectorBasic Materials Stocks 16.58%
IndustrySteel Stocks List-2.98%

Price Target Trends

1M3M12M
# Anlaysts3514
Avg Price Target$12.67$12.00$12.26
Last Closing Price$13.71$13.71$13.71
Upside/Downside-7.59%-12.47%-10.58%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jun, 26119-213
May, 26119-112
Apr, 26119-112
Mar, 26128-112
Feb, 26128-112
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jun 09, 2026GLJ Research$15.01$12.6818.38%9.48%
Jun 04, 2026Timna TannersWells Fargo$14.00$14.15-1.06%2.12%
May 21, 2026Barclays$9.00$10.70-15.89%-34.35%
May 01, 2026Goldman Sachs$10.00$10.35-3.38%-27.06%
Apr 21, 2026Morgan Stanley$12.00$9.7323.33%-12.47%
Feb 10, 2026GLJ Research$9.42$12.31-23.48%-31.29%
Feb 09, 2026Mike HarrisGoldman Sachs$15.00$12.0324.69%9.41%
Jan 23, 2026Seaport Global$13.00$14.34-9.34%-5.18%
Jan 13, 2026Gordon JohnsonGLJ Research$9.52$12.91-26.26%-30.56%
Jan 09, 2026Morgan Stanley$17.00$12.2638.66%24.00%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Jun 09, 2026GLJ ResearchSellHoldupgrade
May 21, 2026BarclaysUnderweightUnderweightinitialise
May 01, 2026Goldman SachsNeutralNeutralhold
Feb 12, 2026GLJ ResearchSellSellhold
Feb 09, 2026CitigroupNeutralNeutralhold
Feb 09, 2026Goldman SachsBuyBuyhold
Jan 23, 2026Seaport GlobalBuyNeutraldowngrade
Jan 13, 2026GLJ ResearchSellSellhold
Jan 09, 2026Morgan StanleyEqual-WeightOverweightupgrade
Jan 07, 2026KeyBancOverweightSector Weightdowngrade

Financial Forecast

EPS Forecast

$-3 $-1 $1 $3 $5 $7 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$5.62$2.57$0.78$-1.57$-2.90---
Avg Forecast$5.94$2.82$1.10$-0.51$-0.28$0.90$1.48$1.96
High Forecast$6.29$2.94$1.17$-0.22$0.28$1.06$1.57$2.08
Low Forecast$5.69$2.65$1.02$-1.07$-1.05$0.75$1.39$1.84
Surprise %-5.39%-8.87%-29.09%207.84%935.71%---

Revenue Forecast

$19B $20B $21B $22B $23B $25B Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$20.44B$22.99B$22.00B$19.18B$18.61B---
Avg Forecast$20.79B$23.07B$22.04B$19.31B$20.60B$21.95B$22.62B$22.98B
High Forecast$21.73B$23.84B$22.10B$19.36B$21.58B$22.17B$23.70B$24.07B
Low Forecast$20.11B$21.96B$21.99B$19.24B$19.75B$21.73B$21.52B$21.86B
Surprise %-1.68%-0.36%-0.21%-0.62%-9.68%---

Net Income Forecast

$-2B $-200M $1B $2B $4B $5B Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$2.99B$1.33B$399.00M$-754.00M$-1.48B---
Avg Forecast$3.11B$3.93B$398.00M$-461.00M$38.76M$461.43M$757.40M$1.00B
High Forecast$3.74B$4.71B$477.60M$-110.47M$145.19M$540.34M$804.11M$1.06B
Low Forecast$2.49B$3.14B$318.40M$-544.75M$-536.74M$382.52M$709.44M$938.57M
Surprise %-4.03%-66.02%0.25%63.56%-3913.09%---

CLF Forecast FAQ

Is Cleveland-Cliffs stock a buy?

Cleveland-Cliffs stock has a consensus rating of Hold, based on 43 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 10 Buy, 23 Hold, 10 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 43 Wall Street analysts, averages $12.17 over the next 12 months. The price target range spans from $9 at the low end to $15.01 at the high end, suggesting a potential -11.23% change from the previous closing price of $13.71.

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

Cleveland-Cliffs's stock forecast shows a -11.23% downside, underperforming the average forecast for the basic materials stocks sector (16.58%) and underperforming the steel stocks list industry (-2.98%).

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

  • June 2026: 7.69% Strong Buy, 7.69% Buy, 69.23% Hold, 0% Sell, 15.38% Strong Sell.
  • May 2026: 8.33% Strong Buy, 8.33% Buy, 75.00% Hold, 0% Sell, 8.33% Strong Sell.
  • April 2026: 8.33% Strong Buy, 8.33% Buy, 75.00% Hold, 0% Sell, 8.33% Strong Sell.

What is Cleveland-Cliffs’s EPS forecast?

Cleveland-Cliffs's average annual EPS forecast for its fiscal year ending in December 2026 is $0.9, marking a -131.03% decrease from the reported $-2.9 in 2025. Estimates for the following years are $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 2026 is $21.95B, reflecting a 17.93% increase from the reported $18.61B in 2025. The forecast for 2027 is $22.62B, 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 2026 stands at $461.43M, representing a -131.22% decrease from the reported $-1.478B in 2025. Projections indicate $757.4M in 2027, and $1B in 2028.