Cleveland-Cliffs Inc. (CLF)
NYSE: CLF · Real-Time Price · USD
7.91
+0.37 (4.91%)
At close: Apr 24, 2025, 4:00 PM
7.94
+0.03 (0.38%)
After-hours: Apr 24, 2025, 7:21 PM EDT
Cleveland-Cliffs Stock Forecast
Stock Price Forecast
The 10 analysts with 12-month price forecasts for Cleveland-Cliffs stock have an average target of 15.79, with a low estimate of 11 and a high estimate of 23. The average target predicts an increase of 99.62% from the current stock price of 7.91.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Cleveland-Cliffs stock from 10 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Nov '24 | Dec '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 4 | 5 | 5 | 5 | 6 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 5 | 5 | 5 | 4 | 4 | 4 |
| Sell | 2 | 2 | 2 | 2 | 1 | 0 |
| Strong Sell | 1 | 1 | 0 | 0 | 0 | 0 |
| Total | 11 | 12 | 12 | 11 | 10 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B. Riley Securities | B. Riley Securities | Strong Buy Reiterates $20 → $17 | Strong Buy | Reiterates | $20 → $17 | +114.92% | Apr 23, 2025 |
| Seaport Global | Seaport Global | Strong Buy Maintains $14 → $11 | Strong Buy | Maintains | $14 → $11 | +39.06% | Mar 12, 2025 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $17 → $15 | Strong Buy | Maintains | $17 → $15 | +89.63% | Mar 4, 2025 |
| GLJ Research | GLJ Research | Strong Buy Maintains $15 → $13 | Strong Buy | Maintains | $15 → $13 | +63.08% | Feb 27, 2025 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $13 → $11 | Hold | Maintains | $13 → $11 | +39.06% | Feb 3, 2025 |
Financial Forecast
Revenue This Year
20.39B
from 19.19B
Increased by 6.27%
Revenue Next Year
21.49B
from 20.39B
Increased by 5.38%
EPS This Year
-0.67
from -1.57
EPS Next Year
0.43
from -0.67
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 22.7B | 24.3B | 24.4B |
| Avg | 20.4B | 21.5B | 22.5B |
| Low | 18.9B | 19.0B | 20.8B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 18.2% | 19.0% | 13.6% |
| Avg | 6.3% | 5.4% | 4.8% |
| Low | -1.7% | -6.9% | -3.4% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 0.68 | 1.07 | 1.20 |
| Avg | -0.67 | 0.43 | 0.65 |
| Low | -1.38 | 0.03 | 0.08 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | - | - | 181.3% |
| Avg | - | - | 53.1% |
| Low | - | - | -81.6% |
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.