Cleveland-Cliffs Inc. (CLF)
NYSE: CLF · Real-Time Price · USD
11.04
+1.59 (16.77%)
Jul 23, 2026, 11:45 AM EDT - Market open

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 $10.56. The average 1-year stock price forecast is 4.30% lower than the current stock price, while the lowest is $8.60 (-22.07%) and the highest is $15 (+35.93%).

Price Target: $10.56 (-4.30%)
Analyst Consensus: Hold

Price Target

Chart
TargetLowAverageMedianHigh
Price$8.60$10.56$10$15
Change-22.07%-4.30%-9.38%+35.93%

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
RatingFeb '26Mar '26Apr '26May '26Jun '26Jul '26
Strong Buy211111
Buy111100
Hold89991010
Sell111222
Strong Sell000000
Total121212131313

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
J.P. Morgan
J.P. Morgan
Hold
Initiates
$10
HoldInitiates$10-9.38%Jul 21, 2026
Barclays
Barclays
Sell
Reiterates
$9
SellReiterates$9-18.44%Jul 15, 2026
Wells Fargo
Wells Fargo
Hold
Maintains
$14$9
HoldMaintains$14$9-18.44%Jul 9, 2026
Bank of America Securities
Bank of America Securities
Hold
Maintains
$14$12
HoldMaintains$14$12+4.21%Jul 8, 2026
Citi
Citi
Hold
Reiterates
$11$10
HoldReiterates$11$10-9.38%Jul 7, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
20.93B
from 18.61B
Increased by 12.47%
Revenue Next Year
21.63B
from 20.93B
Increased by 3.35%
EPS This Year
-0.33
from -2.48
EPS Next Year
0.36
from -0.33
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
20.44B22.99B22.00B19.19B18.61B20.93B
Revenue Growth
281.84%12.45%-4.32%-12.78%-3.00%12.47%
Gross Profit
4.53B2.52B1.37B63.00M-860.00M690.72M
Gross Margin
22.18%10.95%6.24%0.33%-4.62%3.30%
Operating Income
4.24B2.18B1.00B-264.00M-1.24B160.06M
Net Income
2.99B1.34B385.00M-760.00M-1.48B-187.91M
EPS
-----2.48-0.33
Free Cash Flow
897.63M1.40B1.64B-683.25M-130.63M-371.33M
No. Analysts
-----10
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202620272028
High21.2B
Avg20.9B
Low20.7B

Revenue Growth

Revenue Growth202620272028
High
14.2%
Avg
12.5%
Low
11.4%

EPS Forecast

EPS202620272028
High-0.22
Avg-0.33
Low-0.41

EPS Growth

EPS Growth202620272028
High-
Avg-
Low-