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 $11.75. The average 1-year stock price forecast is 19.17% higher than the current stock price, while the lowest is $8.00 (-18.86%) and the highest is $15 (+52.13%).

Price Target: $11.75 (+19.17%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$8.00	$11.75	$11.75	$15
Change	-18.86%	+19.17%	+19.17%	+52.13%

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	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	2	2	1	1	1	1
Buy	1	1	1	1	1	0
Hold	8	8	9	9	9	10
Sell	1	1	1	1	2	2
Strong Sell	0	0	0	0	0	0
Total	12	12	12	12	13	13

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Timna Tanners Wells Fargo	Wells Fargo	Hold Maintains $14	Hold	Maintains	$14	+41.99%	Jun 30, 2026
Carlos De Alba Morgan Stanley	Morgan Stanley	Hold Downgrades $12 → $13	Hold	Downgrades	$12 → $13	+26.77%	Jun 22, 2026
Nick Cash Goldman Sachs	Goldman Sachs	Hold Maintains $10 → $11	Hold	Maintains	$10 → $11	+11.56%	Jun 16, 2026
Lawson Winder Bank of America Securities	Bank of America Securities	Hold Reiterates $12 → $14	Hold	Reiterates	$12 → $14	+41.99%	Jun 12, 2026
Bill Peterson J.P. Morgan	J.P. Morgan	Hold Maintains $9 → $13	Hold	Maintains	$9 → $13	+31.85%	Jun 10, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

20.87B

from 18.61B

12.14%

from 18.61B

Revenue Next Year

21.43B

from 20.87B

2.69%

from 20.87B

EPS This Year

-0.36

from -2.48

EPS Next Year

0.50

from -0.36

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	20.44B	22.99B	22.00B	19.19B	18.61B	20.87B
Revenue Growth	281.84%	12.45%	-4.32%	-12.78%	-3.00%	12.14%
Gross Profit	4.53B	2.52B	1.37B	63.00M	-860.00M	1.15B
Gross Margin	22.18%	10.95%	6.24%	0.33%	-4.62%	5.50%
Operating Income	4.24B	2.18B	1.00B	-264.00M	-1.24B	143.66M
Net Income	2.99B	1.34B	385.00M	-760.00M	-1.48B	-191.86M
EPS	-	-	-	-	-2.48	-0.36
Free Cash Flow	897.63M	1.40B	1.64B	-683.25M	-130.63M	-337.00M
No. Analysts	-	-	-	-	-	11

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue	2026	2027	2028
High	21.2B
Avg	20.9B
Low	20.5B

Revenue Growth

Revenue Growth	2026	2027	2028
High	13.7%
Avg	12.1%
Low	10.4%

EPS Forecast

EPS	2026	2027	2028
High	-0.21
Avg	-0.36
Low	-0.58

EPS Growth

EPS Growth	2026	2027	2028
High	-
Avg	-
Low	-