Cleveland-Cliffs Stock Forecast

Stock Price Forecast

The 9 analysts with 12-month price forecasts for Cleveland-Cliffs stock have an average target of 15.66, with a low estimate of 11 and a high estimate of 23. The average target predicts an increase of 67.85% from the current stock price of 9.33.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$11	$15.66	$15	$23
Change	+17.90%	+67.85%	+60.77%	+146.52%

Analyst Ratings

The average analyst rating for Cleveland-Cliffs stock from 10 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25
Strong Buy	3	3	4	5	5	5
Buy	0	0	0	0	0	0
Hold	5	5	5	5	4	4
Sell	2	2	2	2	2	1
Strong Sell	1	1	1	0	0	0
Total	11	11	12	12	11	10

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Martin Englert Seaport Global	Seaport Global	Strong Buy Maintains $14 → $11	Strong Buy	Maintains	$14 → $11	+17.90%	Mar 12, 2025
Mike Harris Goldman Sachs	Goldman Sachs	Strong Buy Maintains $17 → $15	Strong Buy	Maintains	$17 → $15	+60.77%	Mar 4, 2025
Gordon Johnson GLJ Research	GLJ Research	Strong Buy Maintains $15 → $13	Strong Buy	Maintains	$15 → $13	+38.26%	Feb 27, 2025
Carlos De Alba Morgan Stanley	Morgan Stanley	Hold Maintains $13 → $11	Hold	Maintains	$13 → $11	+17.90%	Feb 3, 2025
Gordon Johnson GLJ Research	GLJ Research	Strong Sell → Strong Buy Upgrades $14	Strong Sell → Strong Buy	Upgrades	$14	+52.95%	Jan 7, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

20.64B

from 19.19B

7.58%

from 19.19B

Revenue Next Year

21.79B

from 20.64B

5.57%

from 20.64B

EPS This Year

-0.46

from -1.57

EPS Next Year

0.44

from -0.46

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	5.35B	20.44B	22.99B	22.00B	19.19B	20.64B	21.79B	22.81B
Revenue Growth	169.05%	281.84%	12.45%	-4.32%	-12.78%	7.58%	5.57%	4.68%
EPS	-0.32	5.35	2.56	0.78	-1.57	-0.46	0.44	0.48
EPS Growth	-	-	-52.27%	-69.40%	-	-	-	8.45%
Forward PE	-	-	-	-	-	-	21.09	19.45
No. Analysts	-	-	-	-	-	14	11	6

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

Revenue Forecast

Revenue	2025	2026	2027
High	22.7B	24.9B	24.1B
Avg	20.6B	21.8B	22.8B
Low	19.0B	19.0B	21.7B

Revenue Growth

Revenue Growth	2025	2026	2027
High	18.2%	20.5%	10.7%
Avg	7.6%	5.6%	4.7%
Low	-0.8%	-8.1%	-0.2%

EPS Forecast

EPS	2025	2026	2027
High	0.34	1.07	0.91
Avg	-0.46	0.44	0.48
Low	-1.07	0.03	0.08

EPS Growth

EPS Growth	2025	2026	2027
High	-	-	106.5%
Avg	-	-	8.4%
Low	-	-	-82.3%

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.