Steel Dynamics, Inc. (STLD)

Steel Dynamics Stock Forecast

Stock Price Forecast

The 8 analysts that cover Steel Dynamics stock have a consensus rating of "Buy" and an average price target of $180.13, which forecasts a 6.42% increase in the stock price over the next year. The lowest target is $165 and the highest is $194.

Price Target: $180.13 (+6.42%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$165	$180.13	$190	$194
Change	-2.52%	+6.42%	+12.25%	+14.61%

Analyst Ratings

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

Recommendation Trends

Rating	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25	Jan '26
Strong Buy	6	5	3	2	2	2
Buy	3	4	4	4	4	3
Hold	2	2	2	3	2	3
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	11	11	9	9	8	8

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Carlos De Alba Morgan Stanley	Morgan Stanley	Buy → Hold Downgrades $173 → $194	Buy → Hold	Downgrades	$173 → $194	+14.61%	Jan 9, 2026
Timna Tanners Wells Fargo	Wells Fargo	Buy Maintains $172 → $190	Buy	Maintains	$172 → $190	+12.25%	Dec 15, 2025
Christopher LeFemina Jefferies	Jefferies	Strong Buy Maintains $180 → $190	Strong Buy	Maintains	$180 → $190	+12.25%	Dec 10, 2025
Bill Peterson JP Morgan	JP Morgan	Hold Maintains $165 → $190	Hold	Maintains	$165 → $190	+12.25%	Dec 5, 2025
Timna Tanners Wells Fargo	Wells Fargo	Buy Maintains $169 → $172	Buy	Maintains	$169 → $172	+1.61%	Nov 14, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

18.71B

Increased by 6.65%

from 17.54B

Revenue Next Year

20.73B

Increased by 10.80%

from 18.71B

EPS This Year

8.51

Decreased by -13.50%

from 9.84

EPS Next Year

13.54

Increased by 59.14%

from 8.51

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	9.60B	18.41B	22.26B	18.80B	17.54B	18.71B	20.73B
Revenue Growth	-8.25%	91.73%	20.92%	-15.57%	-6.68%	6.65%	10.80%
EPS	2.59	15.56	20.92	14.64	9.84	8.51	13.54
EPS Growth	-14.80%	500.77%	34.45%	-30.02%	-32.79%	-13.50%	59.14%
Forward PE	-	-	-	-	-	19.89	12.50
No. Analysts	-	-	-	-	-	17	17

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

Revenue Forecast

Revenue	2025	2026	2027	2029
High	19.5B	22.9B
Avg	18.7B	20.7B
Low	17.3B	18.4B

Revenue Growth

Revenue Growth	2025	2026	2027	2029
High	11.0%	22.3%
Avg	6.7%	10.8%
Low	-1.5%	-1.8%

EPS Forecast

EPS	2025	2026	2027	2028
High	9.79	16.92
Avg	8.51	13.54
Low	7.67	11.43

EPS Growth

EPS Growth	2025	2026	2027	2028
High	-0.5%	98.7%
Avg	-13.5%	59.1%
Low	-22.0%	34.3%

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.