Cleveland-Cliffs Inc. (CLF)

Cleveland-Cliffs Stock Forecast

Stock Price Forecast

The 12 analysts that cover Cleveland-Cliffs stock have a consensus rating of "Hold" and an average price target of $11.14, which forecasts a 1.46% increase in the stock price over the next year. The lowest target is $3.91 and the highest is $17.

Price Target: $11.14 (+1.46%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$3.91	$11.14	$12	$17
Change	-64.39%	+1.46%	+9.29%	+54.83%

Analyst Ratings

The average analyst rating for Cleveland-Cliffs stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jun '25	Jul '25	Aug '25	Sep '25	Oct '25	Nov '25
Strong Buy	4	3	3	3	3	3
Buy	0	1	1	1	1	1
Hold	4	4	4	6	5	6
Sell	0	0	0	0	1	0
Strong Sell	1	1	1	1	2	2
Total	9	9	9	11	12	12

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Timna Tanners Wells Fargo	Wells Fargo	Sell → Hold Upgrades $11 → $12	Sell → Hold	Upgrades	$11 → $12	+9.29%	Nov 14, 2025
Alexander Hacking Citigroup	Citigroup	Hold Maintains $12 → $11	Hold	Maintains	$12 → $11	+0.18%	Nov 11, 2025
Philip Gibbs Keybanc	Keybanc	Buy Maintains $15 → $13	Buy	Maintains	$15 → $13	+18.40%	Nov 10, 2025
Mike Harris Goldman Sachs	Goldman Sachs	Strong Buy Maintains $15 → $16	Strong Buy	Maintains	$15 → $16	+45.72%	Oct 31, 2025
Philip Gibbs Keybanc	Keybanc	Buy Maintains $14 → $15	Buy	Maintains	$14 → $15	+36.61%	Oct 27, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

19.33B

Increased by 0.73%

from 19.19B

Revenue Next Year

20.26B

Increased by 4.81%

from 19.33B

EPS This Year

-2.92

from -1.57

EPS Next Year

-0.09

from -2.92

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	5.35B	20.44B	22.99B	22.00B	19.19B	19.33B	20.26B
Revenue Growth	169.05%	281.84%	12.45%	-4.32%	-12.78%	0.73%	4.81%
EPS	-0.32	5.35	2.56	0.78	-1.57	-2.92	-0.09
EPS Growth	-	-	-52.27%	-69.40%	-	-	-
Forward PE	-	-	-	-	-	-	-
No. Analysts	-	-	-	-	-	16	16

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027
High	22.0B	23.3B
Avg	19.3B	20.3B
Low	18.4B	17.8B

Revenue Growth

Revenue Growth	2025	2026	2027
High	14.6%	20.6%
Avg	0.7%	4.8%
Low	-4.3%	-8.0%

EPS Forecast

EPS	2025	2026	2027
High	-2.68	0.50
Avg	-2.92	-0.09
Low	-3.05	-0.67

EPS Growth

EPS Growth	2025	2026	2027
High	-	-
Avg	-	-
Low	-	-

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.