Cleveland-Cliffs Inc. (CLF)
NYSE: CLF · IEX Real-Time Price · USD
20.83
-0.38 (-1.79%)
At close: Apr 18, 2024, 4:00 PM
20.77
-0.06 (-0.29%)
After-hours: Apr 18, 2024, 7:52 PM EDT
Cleveland-Cliffs Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for Cleveland-Cliffs stock have an average target of 21.96, with a low estimate of 16.5 and a high estimate of 27.2. The average target predicts an increase of 5.42% from the current stock price of 20.83.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for CLF stock from 9 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 2 | 2 | 2 |
| Buy | 2 | 2 | 2 | 1 | 1 | 1 |
| Hold | 4 | 4 | 4 | 4 | 4 | 4 |
| Sell | 0 | 0 | 0 | 1 | 1 | 2 |
| Strong Sell | 0 | 1 | 1 | 1 | 0 | 0 |
| Total | 9 | 10 | 10 | 9 | 8 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wolfe Research | Wolfe Research | Hold → Sell Downgrades n/a | Hold → Sell | Downgrades | n/a | n/a | Apr 9, 2024 |
| GLJ Research | GLJ Research | Strong Sell → Strong Buy Upgrades $27 | Strong Sell → Strong Buy | Upgrades | $27 | +30.58% | Mar 28, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $20 | Hold | Maintains | $20 | -3.98% | Mar 26, 2024 |
| Citigroup | Citigroup | Strong Buy → Hold Downgrades $22 | Strong Buy → Hold | Downgrades | $22 | +5.62% | Mar 13, 2024 |
| Exane BNP Paribas | Exane BNP Paribas | Hold → Sell Downgrades $17 | Hold → Sell | Downgrades | $17 | -20.79% | Feb 28, 2024 |
Financial Forecast
Revenue This Year
21.62B
from 22.00B
Decreased by -1.70%
Revenue Next Year
21.38B
from 21.62B
Decreased by -1.14%
EPS This Year
1.37
from 0.78
Increased by 75.99%
EPS Next Year
1.91
from 1.37
Increased by 39.23%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 23.2B | 23.8B | 23.8B |
| Avg | 21.6B | 21.4B | 21.4B |
| Low | 20.4B | 19.9B | 20.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.6% | 9.9% | 11.3% |
| Avg | -1.7% | -1.1% | 0.0% |
| Low | -7.3% | -8.0% | -6.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.48 | 3.00 | 3.62 |
| Avg | 1.37 | 1.91 | 2.49 |
| Low | 0.80 | 0.74 | 1.17 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 217.7% | 118.8% | 89.5% |
| Avg | 76.0% | 39.2% | 30.2% |
| Low | 3.0% | -46.5% | -38.6% |
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.