Cleveland-Cliffs Inc. (CLF)
NYSE: CLF · Real-Time Price · USD
12.78
-0.05 (-0.39%)
Dec 3, 2024, 1:44 PM EST - Market open
Cleveland-Cliffs Stock Forecast
Stock Price Forecast
The 10 analysts with 12-month price forecasts for Cleveland-Cliffs stock have an average target of 16.51, with a low estimate of 10.13 and a high estimate of 23. The average target predicts an increase of 29.19% from the current stock price of 12.78.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for CLF stock from 12 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 3 | 3 | 3 | 3 | 4 |
| Buy | 1 | 0 | 0 | 0 | 0 | 0 |
| Hold | 6 | 5 | 5 | 5 | 5 | 5 |
| Sell | 2 | 2 | 2 | 2 | 2 | 2 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 12 | 11 | 11 | 11 | 11 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Strong Buy Initiates $16 | Strong Buy | Initiates | $16 | +25.20% | Dec 2, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $15 → $14 | Hold | Maintains | $15 → $14 | +5.63% | Sep 18, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $15 | Hold | Maintains | $15 | +17.37% | Sep 17, 2024 |
| Citigroup | Citigroup | Hold Maintains $18 → $13 | Hold | Maintains | $18 → $13 | -2.19% | Sep 10, 2024 |
| Seaport Global | Seaport Global | Hold → Strong Buy Upgrades $17 | Hold → Strong Buy | Upgrades | $17 | +29.11% | Aug 27, 2024 |
Financial Forecast
Revenue This Year
19.78B
from 22.00B
Decreased by -10.07%
Revenue Next Year
20.52B
from 19.78B
Increased by 3.74%
EPS This Year
-0.70
from 0.78
EPS Next Year
0.19
from -0.70
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 21.8B | 22.4B | 24.9B | |||
| Avg | 19.8B | 20.5B | 21.7B | |||
| Low | 18.8B | 18.8B | 19.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | -1.0% | 13.4% | 21.2% | |||
| Avg | -10.1% | 3.7% | 5.7% | |||
| Low | -14.3% | -5.1% | -3.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.53 | 1.08 | 2.12 |
| Avg | -0.70 | 0.19 | 1.13 |
| Low | -1.25 | -0.29 | 0.34 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -32.9% | - | 1,027.8% |
| Avg | - | - | 499.8% |
| Low | - | - | 82.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.