Cleveland-Cliffs Inc. (CLF)
NYSE: CLF · Real-Time Price · USD
7.17
+0.25 (3.61%)
At close: Jun 24, 2025, 4:00 PM
7.16
-0.01 (-0.14%)
After-hours: Jun 24, 2025, 7:42 PM EDT

Cleveland-Cliffs Stock Forecast

Stock Price Forecast

The 9 analysts that cover Cleveland-Cliffs stock have a consensus rating of "Buy" and an average price target of $12.13, which forecasts a 69.18% increase in the stock price over the next year. The lowest target is $3.91 and the highest is $23.

Price Target: $12.13 (+69.18%)
Analyst Consensus: Buy
Target Low Average Median High
Price $3.91 $12.13 $11 $23
Change -45.47% +69.18% +53.42% +220.78%

Analyst Ratings

The average analyst rating for Cleveland-Cliffs stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating Jan '25Feb '25Mar '25Apr '25May '25Jun '25
Strong Buy 555644
Buy 000000
Hold 544454
Sell 221000
Strong Sell 000011
Total 12111010109

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Morgan Stanley
Morgan Stanley
Hold
Maintains
$7.5$8
Hold Maintains $7.5$8 +11.58% Jun 20, 2025
Jefferies
Jefferies
Hold
Downgrades
$10$6
Hold Downgrades $10$6 -16.32% May 29, 2025
GLJ Research
GLJ Research
Strong Sell
Downgrades
$3.91
Strong Sell Downgrades $3.91 -45.47% May 28, 2025
Goldman Sachs
Goldman Sachs
Strong Buy
Maintains
$13$11
Strong Buy Maintains $13$11 +56.90% May 12, 2025
B. Riley Securities
B. Riley Securities
Strong Buy
Reiterates
$20$17
Strong Buy Reiterates $20$17 +137.10% Apr 23, 2025
More Analyst Ratings

Financial Forecast

Revenue This Year
19.95B
from 19.19B
Increased by 3.98%
Revenue Next Year
21.17B
from 19.95B
Increased by 6.14%
EPS This Year
-1.47
from -1.57
EPS Next Year
0.33
from -1.47
Fiscal Year FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027
Period Ending Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026 Dec 31, 2027
Revenue
5.35B20.44B22.99B22.00B19.19B19.95B21.17B22.32B
Revenue Growth
169.05%281.84%12.45%-4.32%-12.78%3.98%6.14%5.43%
EPS
-0.325.352.560.78-1.57-1.470.330.69
EPS Growth
---52.27%-69.40%---108.78%
Forward PE
------21.6310.36
No. Analysts
-----15148
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202520262027
High 22.0B 23.3B 24.4B
Avg 19.9B 21.2B 22.3B
Low 18.7B 19.0B 20.5B

Revenue Growth

Revenue Growth 202520262027
High
14.6%
16.9%
15.4%
Avg
4.0%
6.1%
5.4%
Low
-2.7%
-4.9%
-3.3%

EPS Forecast

EPS 202520262027
High -0.83 1.65 1.00
Avg -1.47 0.33 0.69
Low -2.14 -0.31 0.39

EPS Growth

EPS Growth 202520262027
High - -
200.9%
Avg - -
108.8%
Low - -
18.3%
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.