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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 $13.40, with a high of $17.00 and a low of $9.42. This represents a 50.22% increase from the last price of $8.92.

$5 $9 $13 $17 $21 $25 High: $17 Avg: $13.4 Low: $9.42 Last Closed Price: $8.92

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%), 22 Hold (51.16%), 11 Sell (25.58%), and 0 Strong Sell (0.00%).

Hold
Total 43 11 22 10 0 Strong Sell Sell Hold Buy Strong Buy

CLF Price Target Upside V Benchmarks

TypeNameUpside
StockCleveland-Cliffs50.22%
SectorBasic Materials Stocks 4.84%
IndustrySteel Stocks List11.85%

Price Target Trends

1M3M12M
# Anlaysts-59
Avg Price Target-$12.79$12.41
Last Closing Price$8.92$8.92$8.92
Upside/Downside-43.39%39.13%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Mar, 26128-112
Feb, 26128-112
Jan, 26-47-112
Dec, 25-47-112
Nov, 25-461112
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Feb 10, 2026GLJ Research$9.42$12.31-23.48%5.61%
Feb 09, 2026Mike HarrisGoldman Sachs$15.00$12.0324.69%68.16%
Jan 23, 2026Seaport Global$13.00$14.34-9.34%45.74%
Jan 13, 2026Gordon JohnsonGLJ Research$9.52$12.91-26.26%6.73%
Jan 09, 2026Morgan Stanley$17.00$12.2638.66%90.58%
Oct 31, 2025Goldman Sachs$16.00$12.3629.45%79.37%
Oct 27, 2025UBS$15.00$13.1314.24%68.16%
Oct 21, 2025GLJ Research$5.75$13.49-57.38%-35.54%
Oct 21, 2025Wells Fargo$11.00$16.18-32.01%23.32%
Feb 03, 2025Carlos De AlbaMorgan Stanley$11.00$9.7412.94%23.32%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
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
Oct 31, 2025Goldman SachsBuyBuyhold
Oct 27, 2025KeyBancOverweightOverweighthold
Oct 21, 2025Wells FargoNegativeUnderweightdowngrade

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, 22 Hold, 11 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 $13.4 over the next 12 months. The price target range spans from $9.42 at the low end to $17 at the high end, suggesting a potential 50.22% change from the previous closing price of $8.92.

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

Cleveland-Cliffs's stock forecast shows a 50.22% upside, outperforming the average forecast for the basic materials stocks sector (4.84%) and outperforming the steel stocks list industry (11.85%).

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

  • March 2026: 8.33% Strong Buy, 16.67% Buy, 66.67% Hold, 0% Sell, 8.33% Strong Sell.
  • February 2026: 8.33% Strong Buy, 16.67% Buy, 66.67% Hold, 0% Sell, 8.33% Strong Sell.
  • January 2026: 0% Strong Buy, 33.33% Buy, 58.33% 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.