Steel Dynamics, Inc. (STLD)

Steel Dynamics Stock Forecast

Stock Price Forecast

The 12 analysts with 12-month price forecasts for Steel Dynamics stock have an average target of 145.33, with a low estimate of 120 and a high estimate of 158. The average target predicts an increase of 21.72% from the current stock price of 119.40.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$120	$145.33	$149	$158
Change	+0.50%	+21.72%	+24.79%	+32.33%

Analyst Ratings

The average analyst rating for Steel Dynamics stock from 12 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25
Strong Buy	4	4	4	5	5	5
Buy	0	0	0	0	1	2
Hold	6	6	8	6	6	5
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	10	10	12	11	12	12

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Carlos De Alba Morgan Stanley	Morgan Stanley	Hold → Buy Upgrades $145 → $158	Hold → Buy	Upgrades	$145 → $158	+32.33%	Mar 7, 2025
Philip Gibbs Keybanc	Keybanc	Hold → Buy Upgrades $155	Hold → Buy	Upgrades	$155	+29.82%	Feb 11, 2025
Carlos De Alba Morgan Stanley	Morgan Stanley	Hold Maintains $131 → $145	Hold	Maintains	$131 → $145	+21.44%	Feb 3, 2025
Christopher LeFemina Jefferies	Jefferies	Hold → Strong Buy Upgrades $125 → $145	Hold → Strong Buy	Upgrades	$125 → $145	+21.44%	Jan 24, 2025
Bill Peterson JP Morgan	JP Morgan	Hold Maintains $134 → $132	Hold	Maintains	$134 → $132	+10.55%	Jan 17, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

18.28B

Increased by 4.21%

from 17.54B

Revenue Next Year

19.84B

Increased by 8.56%

from 18.28B

EPS This Year

8.78

Decreased by -10.73%

from 9.84

EPS Next Year

12.25

Increased by 39.47%

from 8.78

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	9.60B	18.41B	22.26B	18.80B	17.54B	18.28B	19.84B	20.33B
Revenue Growth	-8.25%	91.73%	20.92%	-15.57%	-6.68%	4.21%	8.56%	2.46%
EPS	2.59	15.56	20.92	14.64	9.84	8.78	12.25	14.08
EPS Growth	-14.80%	500.77%	34.45%	-30.02%	-32.79%	-10.73%	39.47%	14.91%
Forward PE	-	-	-	-	-	13.59	9.75	8.48
No. Analysts	-	-	-	-	-	16	15	8

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

Revenue Forecast

Revenue	2025	2026	2027
High	20.2B	22.1B	22.6B
Avg	18.3B	19.8B	20.3B
Low	16.3B	16.8B	18.3B

Revenue Growth

Revenue Growth	2025	2026	2027
High	15.4%	20.8%	13.7%
Avg	4.2%	8.6%	2.5%
Low	-7.2%	-8.3%	-7.8%

EPS Forecast

EPS	2025	2026	2027	2028
High	12.09	14.63	16.53
Avg	8.78	12.25	14.08
Low	5.99	8.87	12.09

EPS Growth

EPS Growth	2025	2026	2027	2028
High	22.8%	66.5%	34.9%
Avg	-10.7%	39.5%	14.9%
Low	-39.1%	1.0%	-1.3%

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.