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 $10.5. The average 1-year stock price forecast is 6.50% lower than the current stock price, while the lowest is $8.00 (-28.76%) and the highest is $15 (+33.57%).

Price Target: $10.5 (-6.50%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$8.00	$10.5	$10	$15
Change	-28.76%	-6.50%	-10.95%	+33.57%

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	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	3	2	2	2	2	1
Buy	1	1	1	1	1	1
Hold	6	7	7	7	7	7
Sell	0	0	0	0	0	1
Strong Sell	2	2	2	2	2	2
Total	12	12	12	12	12	12

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Richard Garchitorena Barclays	Barclays	Sell Initiates $9	Sell	Initiates	$9	-19.86%	May 22, 2026
Carlos De Alba Morgan Stanley	Morgan Stanley	Buy Maintains $17 → $12	Buy	Maintains	$17 → $12	+6.86%	Apr 21, 2026
Bill Peterson JP Morgan	JP Morgan	Hold Maintains $13 → $10	Hold	Maintains	$13 → $10	-10.95%	Apr 14, 2026
Timna Tanners Wells Fargo	Wells Fargo	Hold Maintains $12 → $9	Hold	Maintains	$12 → $9	-19.86%	Mar 19, 2026
Gordon L. Johnson GLJ Research	GLJ Research	Strong Sell Reiterates $9.42	Strong Sell	Reiterates	$9.42	-16.12%	Mar 16, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

20.82B

from 18.61B

11.89%

from 18.61B

Revenue Next Year

21.34B

from 20.82B

2.48%

from 20.82B

EPS This Year

-0.43

from -2.91

EPS Next Year

0.29

from -0.43

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	20.44B	22.99B	22.00B	19.19B	18.61B	20.82B	21.34B
Revenue Growth	281.84%	12.45%	-4.32%	-12.78%	-3.00%	11.89%	2.48%
EPS	5.35	2.56	0.75	-1.58	-2.91	-0.43	0.29
EPS Growth	-	-52.27%	-70.58%	-	-	-	-
Forward PE	-	-	-	-	-	-	38.42
No. Analysts	-	-	-	-	-	15	14

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

Revenue Forecast

Revenue	2026	2027
High	22.2B	23.1B
Avg	20.8B	21.3B
Low	18.9B	18.2B

Revenue Growth

Revenue Growth	2026	2027
High	19.4%	11.1%
Avg	11.9%	2.5%
Low	1.5%	-12.8%

EPS Forecast

EPS	2026	2027
High	-0.26	0.59
Avg	-0.43	0.29
Low	-0.65	-0.34

EPS Growth

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

Sources: Price targets and consensus ratings provided by S&P Global Market Intelligence. Historical ratings and analyst data provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data sources.