Cleveland-Cliffs Inc. (CLF)
NYSE: CLF · IEX Real-Time Price · USD
15.63
+0.24 (1.56%)
At close: Jul 2, 2024, 4:00 PM
15.60
-0.03 (-0.19%)
After-hours: Jul 2, 2024, 7:50 PM EDT
Cleveland-Cliffs Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for Cleveland-Cliffs stock have an average target of 19.33, with a low estimate of 10.13 and a high estimate of 25. The average target predicts an increase of 23.67% from the current stock price of 15.63.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for CLF stock from 11 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 2 | 2 | 2 | 3 | 2 |
| Buy | 2 | 1 | 1 | 2 | 2 | 1 |
| Hold | 4 | 4 | 4 | 4 | 4 | 5 |
| Sell | 0 | 1 | 1 | 2 | 2 | 2 |
| Strong Sell | 1 | 1 | 0 | 0 | 0 | 1 |
| Total | 10 | 9 | 8 | 10 | 11 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $23 | Strong Buy | Maintains | $23 | +47.15% | Jun 25, 2024 |
| GLJ Research | GLJ Research | Strong Sell Reiterates $10 | Strong Sell | Reiterates | $10 | -35.19% | Jun 14, 2024 |
| Seaport Global | Seaport Global | Hold Initiates n/a | Hold | Initiates | n/a | n/a | Jun 11, 2024 |
| JP Morgan | JP Morgan | Buy → Hold Downgrades $23 → $17 | Buy → Hold | Downgrades | $23 → $17 | +8.77% | Jun 11, 2024 |
| GLJ Research | GLJ Research | Strong Buy → Strong Sell Downgrades $10 | Strong Buy → Strong Sell | Downgrades | $10 | -35.19% | Jun 6, 2024 |
Financial Forecast
Revenue This Year
21.07B
from 22.00B
Decreased by -4.21%
Revenue Next Year
21.03B
from 21.07B
Decreased by -0.20%
EPS This Year
0.20
from 0.78
Decreased by -74.92%
EPS Next Year
1.11
from 0.20
Increased by 469.34%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 22.3B | 23.2B | 23.5B | 22.0B | 22.2B |
| Avg | 21.1B | 21.0B | 21.4B | 21.2B | 21.4B |
| Low | 19.6B | 18.5B | 20.1B | 20.5B | 20.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.6% | 10.3% | 11.6% | 2.9% | 5.2% |
| Avg | -4.2% | -0.2% | 1.6% | -1.0% | 1.2% |
| Low | -10.7% | -12.2% | -4.2% | -4.0% | -1.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.31 | 3.09 | 2.26 |
| Avg | 0.20 | 1.11 | 1.63 |
| Low | -1.40 | -1.91 | 1.19 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 68.3% | 1,478.2% | 102.7% |
| Avg | -74.9% | 469.3% | 46.6% |
| Low | - | - | 6.9% |
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.