Cleveland-Cliffs Inc. (CLF)
NYSE: CLF · Real-Time Price · USD
12.07
-0.43 (-3.44%)
At close: Sep 21, 2026, 4:00 PM EDT
12.09
+0.02 (0.17%)
After-hours: Sep 21, 2026, 7:59 PM EDT

Cleveland-Cliffs Stock Forecast

Stock Price Forecast

According to 13 analysts polled by S&P Global, Cleveland-Cliffs stock has a consensus rating of "Hold" and an average price target of $12.3. The average 1-year stock price forecast is 1.91% higher than the current stock price, while the lowest is $10 (-17.15%) and the highest is $15 (+24.28%).

Price Target: $12.3 (+1.91%)
Analyst Consensus: Hold

Price Target

Chart
TargetLowAverageMedianHigh
Price$10$12.3$12$15
Change-17.15%+1.91%-0.58%+24.28%

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

Chart
RatingApr '26May '26Jun '26Jul '26Aug '26Sep '26
Strong Buy111111
Buy110000
Hold9910111111
Sell122111
Strong Sell000000
Total121313131313

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
GLJ Research
GLJ Research
Buy
Maintains
$16$17
BuyMaintains$16$17+44.82%Sep 21, 2026
J.P. Morgan
J.P. Morgan
Hold
Maintains
$11$13
HoldMaintains$11$13+7.71%Sep 9, 2026
Bank of America Securities
Bank of America Securities
Hold
Reiterates
$12$13
HoldReiterates$12$13+7.71%Sep 7, 2026
Unknown Analyst
Wolfe Research
No rating
Wolfe Research
Hold
Maintains
$12$11
HoldMaintains$12$11-8.86%Aug 24, 2026
Wells Fargo
Wells Fargo
Hold
Maintains
$12
HoldMaintains$12-0.58%Aug 24, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
21.50B
from 18.61B
Increased by 15.54%
Revenue Next Year
22.17B
from 21.50B
Increased by 3.09%
EPS This Year
-0.14
from -2.48
EPS Next Year
0.68
from -0.14
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
20.44B22.99B22.00B19.19B18.61B21.50B
Revenue Growth
281.84%12.45%-4.32%-12.78%-3.00%15.54%
Gross Profit
4.53B2.52B1.37B63.00M-860.00M956.84M
Gross Margin
22.18%10.95%6.24%0.33%-4.62%4.45%
Operating Income
4.24B2.18B1.00B-264.00M-1.24B343.35M
Net Income
2.99B1.34B385.00M-760.00M-1.48B-75.56M
EPS
-----2.48-0.14
Free Cash Flow
-----1.02B-477.45M
No. Analysts
-----10
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202620272028
High21.9B
Avg21.5B
Low21.2B

Revenue Growth

Revenue Growth202620272028
High
17.8%
Avg
15.5%
Low
13.9%

EPS Forecast

EPS202620272028
High0.06
Avg-0.14
Low-0.36

EPS Growth

EPS Growth202620272028
High-
Avg-
Low-